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U.S. WLI Monthly Edges Down
The level of the Weekly Leading Index (monthly) decreased to a 31-month low, the lowest since March 2013, when it was 128.5. The growth rate fell to an eight-month low, the lowest since February 2015, when it was at -4.3%
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 uses a highly nuanced “many-cycles” view to understand the complex dynamics of the global economy.
- To monitor the U.S. economy alone, we use an array of more than a dozen specialized leading indexes in the context of the ECRI framework for incorporating various sectors and aspects of the economy.
- The ECRI framework covers 21 economies, incorporating well over 100 proprietary indexes designed to be comparable across borders.