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 Level at Nine-Week High

A measure of future U.S. economic growth rose to its highest level in nine weeks, while its yearly growth gauge also pushed higher, indicating the recovery remains on track, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index rose to a nine-week of 131.5 for the week ended March 19, up from 130.9 the week earlier.

The index's annualized growth rate component rose to a four-week high of 13.8 percent from 13.3 percent, revised upward from an originally reported 13.1 percent.

"With the WLI close to an all-time high, a double dip remains out of the question," said Lakshman Achuthan, managing director of ECRI.