ECRI’s WLI Growth Index which forecasts economic growth six months forward declined and is slightly in contraction.
Analyst Opinion of the trends of the weekly leading indices
The current forecast continues to be for insignificant growth (or lack thereof) 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 September index value (issued in October) 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 September economy’s rate of growth (released in October) showed the rate of growth marginally improved.
U.S. Lagging Index:
source: ECRI
