A Framework That Provides Clarity
During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.
ECRI’s Eurozone Future Inflation Gauge (EZFIG) ticked down in August to 98.4 from 100.1. The value of the EZFIG lies in its ability to predict cyclical turns in Eurozone inflation.
As anticipated by the earlier downturn in the EZFIG, Eurozone inflation has eased lately, ticking down to a five-month low in its latest reading. Meanwhile, with the EZFIG declining to a six-month low, Eurozone inflation pressures have faded a little in recent months.
Six years ago — the last time global import price deflation was this intense — the worst global recession in decades was ending. More
Some are starting to catch on to the slowdown that ECRI's leading indexes flagged at the start of the year. More
While staying above March's 16-month low, the USFIG is well below its earlier highs. More
September 25, 2015
Full Report: International Essentials
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