November 2017: ECRI’s WLI Growth Index Rate Down

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 indicies are indicating modest growth six months from today.

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):

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 which compares the two indices. These indices are now showing slightly different trends.

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 was unchanged.

z ecri_coin.png

ECRI produces a monthly inflation index – a positive number shows increasing inflation pressure. Inflation pressures are receding

U.S. Future Inflation Gauge:.

z ecri_infl.PNG

ECRI produces a monthly Lagging index. The September economy’s rate of growth (released in October) showed the rate of growth slowed.

U.S. Lagging Index:

z ecri_lag.PNG

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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