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 Unchanged

A weekly gauge of future U.S. economic growth was unchanged in the latest period... a report showed on Friday.

The Economic Cycle Research Institute, an independent forecasting group, said its Weekly Leading Index held at 136.4 in the week ended Oct. 20. The same number stands for the prior week and was downwardly revised.

"While WLI growth has revived a bit from its August low it remains anemic, suggesting that U.S. economic growth will stay relatively modest in the coming months," said Melinda Hubman, a research associate at ECRI.

Annualized growth in the week ended Oct. 20 rose to minus 0.1 percent from minus 0.5 percent in the prior period.