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

Even with the general downward trend in this index over the last 6 months, the forecast is for modest (approaching 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 Ticks Up

ECRI's U.S. Weekly Leading Index (WLI) ticked up to 147.8 from 147.7, while the WLI growth rate slowed to 0.6%, 45-week low.
 

For more on the cyclical outlook, please see below for other forward-looking ECRI data shared publicly:

- read ECRI's "Outsized Gains for Least Educated Limits Wage Growth"

- watch ECRI's Lakshman Achuthan in a talk with CNBC

For a closer look at the WLI's performance, please see the chart below: 

Coincident Index:

ECRI produces a monthly coincident index - a positive number shows economic expansion. The June index value (issued in July) shows the rate of economic growth marginally slowed.

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 June economy's rate of growth (released in July) showed the rate of growth significantly slowed.

U.S. Lagging Index:

source: ECRI