ECRI’s WLI Growth Index which forecasts economic growth six months forward remains in expansion.
Analyst Opinion of the trends of the weekly leading indices
This index is indicating modest 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 Edges Up
ECRI’s U.S. Weekly Leading Index (WLI) edged up to 149.7 from 149.3, while WLI growth ticked down to 5.6% from 5.8%.
For a closer look at the WLI’s performance, please see the chart below:
ECRI produces a monthly coincident index – a positive number shows economic expansion. The January index value (issued in February) shows the rate of economic growth was little changed.
ECRI produces a monthly inflation index – a positive number shows increasing inflation pressure. Inflation pressures are increasing.
U.S. Future Inflation Gauge:
ECRI produces a monthly Lagging index. The January economy’s rate of growth (released in February) showed the rate of growth marginally declined.
U.S. Lagging Index: