December 2017: ECRI's WLI Growth Index Rate Improves
ECRI's WLI Growth Index which forecasts economic growth six months forward remains in expansion. This is compared to RecessionAlerts similar weekly leading index.
Analyst Opinion of the trends of the weekly leading indices
Both ECRI's and RecessionAlerts indices are 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):
Comparison to RecessionAlert Weekly Indicator
RecessionAlert also produces a weekly foreward indicator using different pulse points tha ECRI's WLI. Here is a graph from dshort.com which compares the two indices. These indices are now showing different trends.
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Coincident Index:
ECRI produces a monthly coincident index - a positive number shows economic expansion. The October index value (issued in November) shows the rate of economic growth improved.
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ECRI produces a monthly inflation index - a positive number shows increasing inflation pressure. Inflation pressures are receding
U.S. Future Inflation Gauge:.
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ECRI produces a monthly Lagging index. The October economy's rate of growth (released in November) showed the rate of growth slowed.
U.S. Lagging Index:
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source: ECRI
Disclosure: None.