ECRI’s WLI Growth Index which forecasts economic growth six months forward remains in expansion. ECRI also released their coincident index this week.
Analyst Opinion of the trends of the weekly leading indices
Even with the general downward trend in this index over the last 6 months, the forecast is for modest growth six months from today.
Here is this week’s update on ECRI’s Weekly Leading Index (note – a positive number indicates growth):
Coincident Index:
ECRI produces a monthly coincident index – a positive number shows economic expansion. The May index value (issued in June) shows the rate of economic growth marginally slowed.
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ECRI produces a monthly inflation index – a positive number shows increasing inflation pressure. Inflation pressures again increased in May.
U.S. Future Inflation Gauge:.
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ECRI produces a monthly Lagging index. The April economy’s rate of growth (released in May) showed the rate of growth marginally declined.
U.S. Lagging Index:
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