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.



WLI Dips

A measure of future U.S. economic growth declined to a 3-week low in the latest week, but the annualized growth rate rose to a 33-week high, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index fell to 128.1 in the week ended Jan 7 from 128.9 the previous week.

That was the lowest since Dec 17.

The index's annualized growth rate rose to 3.7 percent from 3.4 percent, originally reported as 3.3 percent, a week earlier. That was the highest since May 21, when it stood at 4.9 percent.

"With WLI growth rising for ten straight weeks to a 33-week high, U.S. economic growth will soon begin to revive," said Lakshman Achuthan, managing director of ECRI.