ECRI’s WLI Growth Index which forecasts economic growth six months forward remains in expansion.
Analyst Opinion of the trends of the weekly leading indices
Even with the general downward trend in this index over the last 6 months, the forecast is for modest growth six months from today.
Here is this week’s update on ECRI’s Weekly Leading Index (note – a positive number indicates growth):
Weekly Leading Index Edges Up
ECRI’s U.S. Weekly Leading Index (WLI) edged up to 148.7 from 148.5, while WLI growth rate ticked down to 3.0% from 3.5%.
For more on the cyclical outlook, please see below for other forward-looking ECRI data shared publicly:
– watch ECRI’s Lakshman Achuthan talk with CNBC
– read our Levy Economics Institute Minsky Conference presentation “The Risk of Mistaking Cyclical for Structural”
For a closer look at the WLI’s performance, please see the chart below:
Click here to review ECRI’s track record, including client report excerpts.
For more information on ECRI professional services please contact us.
Coincident Index:
ECRI produces a monthly coincident index – a positive number shows economic expansion. The April index value (issued in May) shows the rate of economic growth improved.
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ECRI produces a monthly inflation index – a positive number shows increasing inflation pressure. Inflation pressures marginally declined in April.
U.S. Future Inflation Gauge:.
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ECRI produces a monthly Lagging index. The April economy’s rate of growth (released in May) showed the rate of growth marginally declined.
U.S. Lagging Index:
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source: ECRI
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