16 March 2018: ECRI’s WLI Growth Index Rate Insignificantly Slows

ECRI’s WLI Growth Index which forecasts economic growth six months forward remains in expansion. ECRI also released their coincident index this week.

Here is this week’s update on ECRI’s Weekly Leading Index (note – a positive number indicates growth):

Weekly Leading Index Decreases

ECRI’s U.S. Weekly Leading Index (WLI) decreased to 149.5 from 149.7, while WLI growth ticked down to 5.5% from 5.6%.

For more on the cyclical outlook, please see below for other forward-looking ECRI data shared publicly:

– read ECRI’s Op-Ed “Global Economy’s Wile E. Coyote Moment“

– watch ECRI’s Lakshman Achuthan in a Bloomberg interview

– read ECRI’s “The Best Way to Use the Weekly Leading Index (WLI)“

For a closer look at the WLI’s performance, please see the chart below:

Coincident Index:

ECRI produces a monthly coincident index – a positive number shows economic expansion. The February index value (issued in March) shows the rate of economic growth was little changed.

z ecri_coin.png

ECRI produces a monthly inflation index – a positive number shows increasing inflation pressure. Inflation pressures are increasing.

U.S. Future Inflation Gauge:.

z ecri_infl.PNG

ECRI produces a monthly Lagging index. The January economy’s rate of growth (released in February) showed the rate of growth marginally declined.

U.S. Lagging Index:

z ecri_lag.PNG

source: ECRI

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