10 May 2019 ECRI’s WLI Growth Rate Again Declines

Written by Steven Hansen

ECRI’s WLI Growth Index which forecasts economic growth six months forward declined and barely remains in expansion this week.

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

Weekly Leading Index Ticks Down

Click here to download ECRI WLI data for free, including the full history of its level and growth rate. On mobile, click here to go to ECRI’s Reports & Indexes page, then click “Full Site.”
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ECRI’s U.S. Weekly Leading Index (WLI) ticked down to 146.7 as its growth rate decreased to 0.2%.

ECRI has long determined business cycle and growth rate cycle chronologies for 21 countries that can be freely accessed here.

The WLI is one of many ECRI U.S. leading indexes, including some with longer leads over cyclical turning points in economic growth.

Please see links below for public statements ECRI has made about our cyclical outlook:

– BNN Bloomberg TV Interview with ECRI’s Achuthan “Industrial Commodities and the Canadian Loonie“

– CNBC TV Interview with ECRI’s Achuthan “Market Optimism and the Hard Data“

For a quick glance at the WLI’s performance, please see the chart below.

Click here to review ECRI’s recent real-time track record.

For information on ECRI professional services please contact us.

Follow @businesscycle on Twitter and on LinkedIn.

U.S. Coincident Index:

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

U.S. Future Inflation Gauge:

ECRI produces a monthly future inflation index which leads U.S. inflation cycle turning points. The April index (released in May) shows some deflation pressure (positive numbers show inflation pressure).

z ecri_infl.PNG

U.S. Lagging Index:

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

z ecri_lag.PNG

source: ECRI

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