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 Rises

A measure of future U.S. economic growth rose in the latest week, but the growth rate weakened on an annualized basis, 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 129.7 in the week ended May 6 from 128.7 the previous week.

The index's annualized growth rate, however, slowed to 6.4 percent from a revised 6.6 percent a week earlier. It was originally reported at 6.7 percent.

ADVISORY: Reuters plans to discontinue writing stories on the ECRI weekly index on a regular basis as of May 13 but will continue to report the data on the Reuters terminal's US economic data page.

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