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 dshort.com which compares the two indices. These indices are now showing slightly different trends.
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.
ECRI produces a monthly inflation index – a positive number shows increasing inflation pressure. Inflation pressures are receding
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 slowed.
U.S. Lagging Index: