ECRI’s WLI Growth Index which had spent 28 weeks in negative territory – is now in its fourth week in positive territory but was little changed this week. ECRI also released its lagging indicator this week and is reported below.
Current ECRI WLI Level and Growth Index:
Here is this weeks update on ECRI’s Weekly Leading Index (note – a positive number indicates growth):
U.S. Weekly Leading Index Ticks Down
The U.S. Weekly Leading Index ticks down to 133.7 from 133.9. The growth rate slips to 1.4% from 1.5%.
To put the state of the economy in perspective click here to read A Two-Speed Economy.
For a closer look at recent moves in the U.S. Weekly Leading Index, please see the chart below:
ECRI produces a monthly issued Coincident index. The April update (reported in May) shows the rate of economic growth is now slowing.
U.S. Coincident Index:
z ecri_coin.png
ECRI produces a monthly inflation index – a positive number shows increasing inflation pressure.
U.S. Future Inflation Gauge:
z ecri_infl.PNG
U.S. Future Inflation Gauge Rises
U.S. inflationary pressures were up slightly in April, as the U.S. future inflation gauge grew to 101.1 from a revised March 100.2 reading, first reported as 100.5, according to data released Friday morning by the Economic Cycle Research Institute.
“With the USFIG moving up, underlying inflation pressures have risen a little,” ECRI Chief Operations Officer Lakshman Achuthan said in a release.
ECRI produces a monthly Lagging index. The April’s economy’s rate of growth (released in May) is essentially unchanged.
U.S. Lagging Index:
z ecri_lag.PNG
source: ECRI
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