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 Rises

A leading index of the U.S. economy rose 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 134.1 in the week ended June 10 from a downwardly revised 132.8 the prior week.

The index's annualized growth rate, which smooths out weekly fluctuations, was flat compared to a revised decrease of 0.4 percent in the prior week.

"While the near-term outlook remains lackluster, in part because of continued industrial weakness, overall growth is not likely to slow sharply according to the WLI," said Lakshman Achuthan, managing director at ECRI.