October 2018 ECRI's WLI Growth Rate Index Projects Almost No Growth
ECRI's WLI Growth Index which forecasts economic growth six months forward declined and still projects little growth. ECRI also released their coincident and lagging indices.
Analyst Opinion of the trends of the weekly leading indices
The current forecast continues to be for insignificant or 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 Falls
ECRI's U.S. Weekly Leading Index (WLI) fell to 147.4, while WLI growth slipped to 0.1%.
For more on ECRI's cyclical outlook, please see links below to other ECRI information that has been made public:
- listen to ECRI's Lakshman Achuthan in a podcast interview with Grant's
- read ECRI's current Bloomberg Opinion piece
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 declined in September.
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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