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U.S. Weekly Leading Index Ticks Down
The U.S. Weekly Leading Index ticks down to 131.5 from 131.7. The growth rate slips to -0.9% from -0.4%.
For a closer look at recent moves in the U.S. Weekly Leading Index, please see the chart below:
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.