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 Slips

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

The Economic Cycle Research Institute, ... weekly leading index slipped to 132.9 in the week to May 20 from 133.1 the prior week.

The index's annualized growth rate, which smoothes out weekly fluctuations, fell to a 16-week low of 1.0 percent from 1.7 percent the week before, the independent forecasting group said.

"Although the WLI growth has declined for two months, it remains above its October 2004 low, suggesting that moderate economic growth will persist this year," said Lakshman Achuthan, managing director at ECRI.