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U.S. Weekly Leading Index Slips
The U.S. Weekly Leading Index slipped to 130.0 from 130.8. The growth rated ticked down to -4.3% from -4.0%. The decline in WLI growth points to slower overall growth in coming months.
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.