November 2018 ECRI's WLI Growth Rate Index Slips Further Into Contraction - Friday, Nov. 9
ECRI's WLI Growth Index which forecasts economic growth six months forward declined and is deeper into contraction.
Analyst Opinion of the trends of the weekly leading indices
The current forecast is a slight economic contraction 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 Falls
ECRI's U.S. Weekly Leading Index (WLI) fell to 145.0, while WLI growth decreased to -2.6%.
The WLI is just one of many ECRI leading indexes, including some with longer leads over economic cycle turns.
For more on ECRI's cyclical outlook, please see links below to information that ECRI has made public:
- watch ECRI's Lakshman Achuthan in a recent interview on CNBC
For a quick glance at the WLI's performance, please see the chart below:
Click here to review ECRI's recent track record.
For more information on ECRI professional services please contact us.
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 grew in October.
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
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