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.



Weekly Leading Index Edges Up

A leading index of the U.S. economy made a slight gain in the latest week,... , a report showed on Friday.

The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index rose to 132.9 in the week to June 3 from 132.0 in the prior week.

The index's annualized growth rate, which smoothes out weekly fluctuations, decreased by 0.2 percent compared to an increase of 0.3 percent in the prior week. It was the first time the growth rate was negative since mid-November 2004.

"While WLI growth has dropped to a 29-week low, no sharp slowdown in economic growth is in the offing," said Lakshman Achuthan, managing director at ECRI.