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 independent forecasting group's [the Economic Cycle Research Institute] weekly leading index fell a bit to 132.0 in the week ended May 27 from a downwardly revised 132.8 in the prior week.

The index's annualized growth rate, which smoothes out weekly fluctuations, hit an 18-week low at 0.3 percent compared to 1.0 percent in the prior week.

<"While WLI growth is at an eighteen-week low, that is still consistent with moderate economic growth in the months ahead," said Lakshman Achuthan, managing director at ECRI.