ECRI’s WLI Growth Index which forecasts economic growth six months forward again marginally improved but still shows insignificant growth. ECRI also released their inflation index today.
Analyst Opinion of the trends of the weekly leading indices
The current forecast continues to be for insignificant 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 Increases
ECRI’s U.S. Weekly Leading Index (WLI) increased to 149.1 from 148.4, while WLI growth edged up to 0.5% from 0.3%.
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 CNBC
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 August index value (issued in September) shows the rate of economic growth marginally declined.
ECRI produces a monthly inflation index – a positive number shows increasing inflation pressure. Inflation pressures declined in September.
U.S. Future Inflation Gauge:.
ECRI produces a monthly Lagging index. The August economy’s rate of growth (released in September) showed the rate of growth declined.
U.S. Lagging Index:
source: ECRI
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