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 Rises
ECRI’s U.S. Weekly Leading Index (WLI) rose to 148.5 from 147.0, while the WLI growth rate ticked down to 1.5% from 1.7%.
For more on the cyclical outlook, please see below for other forward-looking ECRI data shared publicly:
– watch ECRI’s Lakshman Achuthan in a recent interview with Bloomberg
– watch ECRI’s Lakshman Achuthan in latest discussion with BNN Bloomberg
For a closer look at the WLI’s performance, please see the chart below:
Click here to review ECRI’s recent track record.
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 May index value (issued in June) shows the rate of economic growth marginally slowed.
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ECRI produces a monthly inflation index – a positive number shows increasing inflation pressure. Inflation pressures again increased in June.
U.S. Future Inflation Gauge:.
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ECRI produces a monthly Lagging index. The May economy’s rate of growth (released in June) showed the rate of growth improved.
U.S. Lagging Index:
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source: ECRI
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