ECRI’s WLI Growth Index which had spent 28 weeks in negative territory – is now in its eighth week in positive territory and again marginally improved this week.
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 134.0 from 134.3. The growth rate increases to 1.2% from 1.0%.
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 May update (reported in June) shows the rate of economic growth is 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
ECRI Inflation Gauge Gains
U.S. inflationary pressures were up slightly in May, as the U.S. future inflation gauge grew to 101.3 from a revised April 101.0 reading, first reported as 101.1, according to data released Friday morning by the Economic Cycle Research Institute.
“With the USFIG creeping up, underlying inflation pressures continue to firm,” 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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