19 October 2018 ECRI’s WLI Growth Rate Index Returns To the Dark Side

ECRI’s WLI Growth Index which forecasts economic growth six months forward declined and is slightly in contraction.

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

Weekly Leading Index Ticks Down

ECRI’s U.S. Weekly Leading Index (WLI) ticked down to 147.0, while WLI growth decreased to -0.4%.

For more on ECRI’s cyclical outlook, please see links below to other ECRI information that has been made public:

– watch ECRI’s Lakshman Achuthan in a recent interview on Bloomberg TV

– read ECRI’s current “Damned Lies and Statistics” article in Mauldin Economics

– listen to ECRI’s Lakshman Achuthan in a podcast interview with Grant’s Interest Rate Observer

For a quick glance 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 September index value (issued in October) shows the rate of economic growth marginally declined.

z ecri_coin.png

ECRI produces a monthly inflation index – a positive number shows increasing inflation pressure. Inflation pressures declined in September.

U.S. Future Inflation Gauge:.

z ecri_infl.PNG

ECRI produces a monthly Lagging index. The September economy’s rate of growth (released in October) showed the rate of growth marginally improved.

U.S. Lagging Index:

z ecri_lag.PNG

source: ECRI

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