Written by Steven Hansen
ECRI’s WLI Growth Index which forecasts economic growth six months forward continues to decline but remains in expansion.
Here is this week’s update on ECRI’s Weekly Leading Index (a positive number indicates growth):
Weekly Leading Index Decreases
ECRI’s U.S. Weekly Leading Index (WLI) decreased while its growth rate dropped.
Read why longer leads are critical.
ECRI has long determined business cycle and growth rate cycle chronologies for 22 countries that can be freely accessed here.
For a quick glance at the WLI’s recent performance, please see the chart below.
Review ECRI’s current real-time track record.
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U.S. Coincident Index:
ECRI produces a monthly coincident index. July’s economy’s rate of growth (released in August) showed the rate of growth insignificantly improved and continued in expansion.
U.S. Lagging Index:
ECRI produces a monthly Lagging index. July’s economy’s rate of growth (released in August) showed the rate of growth improved and now is in expansion.