ECRI’s WLI Growth Index which forecasts economic growth six months forward now shows insignificant negative growth.
Analyst Opinion of the trends of the weekly leading indices
The current forecast is for no 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 Virtually Unchanged
ECRI’s U.S. Weekly Leading Index (WLI) virtually unchanged at 147.3, while the WLI growth rate slipped to -0.2%, a 127-week low.
For a closer look at the WLI’s performance, please see the chart below:
Click here to review ECRI’s recent track record.
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Coincident Index:
ECRI produces a monthly coincident index – a positive number shows economic expansion. The July index value (issued in August) shows the rate of economic growth marginally improved.
ECRI produces a monthly inflation index – a positive number shows increasing inflation pressure. Inflation pressures declined in July.
U.S. Future Inflation Gauge:
ECRI produces a monthly Lagging index. The July economy’s rate of growth (released in August) showed the rate of growth improved.
U.S. Lagging Index:
source: ECRI
