Written by Steven Hansen
ECRI’s WLI Growth Index which forecasts economic growth six months forward marginally improved but remains contraction.
Analyst Opinion of the trends of the weekly leading indices
In essence, there is no growth forecast in the business cycle six months from today.
Here is this week’s update on ECRI’s Weekly Leading Index (a positive number indicates growth):
Weekly Leading Index Increases
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.”
__________________________________________ECRI’s U.S. Weekly Leading Index (WLI) increased to 144.8 as the growth rate edged up to -2.5%.
ECRI has long determined business cycle and growth rate cycle chronologies for 22 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:
– CNBC Interview with ECRI’s Achuthan “Jobs Growth Prospects Dim“
– Bloomberg discussion with ECRI’s Achuthan “Central Bank Failures and Recession Risks“
– Bloomberg Interview with ECRI’s Achuthan “Worsening U.S. Slowdown“
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 July economy’s rate of growth (released in August) showed the rate of growth declined.
U.S. Lagging Index:
ECRI produces a monthly Lagging index. The July economy’s rate of growth (released in August) showed the rate of growth was unchanged.
z ecri_lag.PNG
source: ECRI
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