ECRI’s WLI Growth Index which forecasts economic growth six months forward – improved but remains in negative territory. This index had spent 28 weeks in negative territory, then 15 weeks in positive territory – and now is in its 16th week in negative territory. Today, ECRI released its inflation gauge and is discussed below.
Current ECRI WLI Level and Growth Index:
Here is this week’s update on ECRI’s Weekly Leading Index (note – a positive number indicates growth):
ECRI produces a monthly issued Coincident index. The October update (reported in November) shows the rate of economic growth is slower.
U.S. Coincident Index:
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ECRI produces a monthly inflation index – a positive number shows increasing inflation pressure.
U.S. Future Inflation Gauge:
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U.S. Inflation Gauge Slips
U.S. inflationary pressures were off in November, as the U.S. future inflation gauge dipped to 102.0 from an upwardly revised 102.4 reading in October, first reported as 102.1, according to data released Friday morning by the Economic Cycle Research Institute.
“While staying a little above its springtime low, the USFIG fell further below its earlier highs,” ECRI Chief Operations Officer Lakshman Achuthan said in a release. “Thus, underlying inflation pressures, which were already subdued, have softened slightly.”
ECRI produces a monthly Lagging index. The October’s economy’s rate of growth (released in November) showed an improving economy.
U.S. Lagging Index:
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source: ECRI
