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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.

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WLI Growth Drops


Growth in the ECRI weekly leading index fell further into negative territory.

The growth rate for the week of June 11 weakened to -5.7%, down from -3.7% in the previous week, which had been the first negative reading in almost a year.

"Despite the WLI's rapid drop over the last six weeks, its downturn has not been sustained enough to signal an imminent recession," said Lakshman Achuthan, ECRI director. Growth in the May index dropped to 1.5% from 14.1% in April.
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