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 WLI Ticks Down

A measure of future U.S. economic growth ticked lower last week, while the annualized growth rate also cooled slightly, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based  independent forecasting group, said its Weekly Leading Index  edged down to 126.6 in the week ended Oct 26 from 126.7 the previous week. That was originally reported as 126.8.

The index's annualized growth rate slipped to 5.9 percent from 6.0 percent a week earlier.

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