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

Growth in a weekly leading index designed to forecast U.S. economic activity is picking up steam.

According to the Economic Cycle Research Institute, its weekly leading index grew 3.9% in the week ended April 11, up from 3.3% in the previous week.

The index itself was flat at 134.9. ECRI says "occasionally the WLI level and growth rate can move in different directions, because the latter is derived from a four-week moving average."

The March ECRI index growth rate strengthened to 2.9% from 1.6% in February, but was still down from 4.0% in January.

The report was released Thursday, one day earlier than usual, because financial markets will be closed for Good Friday.


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