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 Jumps

A gauge of future U.S. economic growth was higher in the latest week... with its growth index at a 47-week high, a research group said on Friday.

The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index jumped to 141.8 in the week ending Jan. 5 from an upwardly revised 139.2 in the prior week.

Annualized growth rate rose to 4.0 percent from 3.7 percent in the previous period.

"The rise in WLI growth to a 47-week high suggests that the U.S. economic growth outlook has been improving slowly but steadily," said Melinda Hubman, research associate at ECRI.