ECRI’s WLI Growth Index which had spent 28 weeks in negative territory – is now in its ninth week in positive territory and again marginally improved this week. ECRI also released its inflation index 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 Edged Down
The U.S. Weekly Leading Index edged down to 133.4 from 134.0. The growth rate rose to 1.4% from 1.2%.
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 Slips
U.S. inflationary pressures were down in June, as the U.S. future inflation gauge fell to 100.5 from an unrevised May 101.3 reading, according to data released Thursday morning by the Economic Cycle Research Institute.
“While holding above March’s 16-month low, the USFIG remains well below its earlier highs, suggesting that underlying inflation pressures are still muted,” 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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