WLI Slips

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.

ECRI uses a highly nuanced “many-cycles” view to understand the complex dynamics of the global economy.
To monitor the U.S. economy alone, we use an array of more than a dozen specialized leading indexes in the context of the ECRI framework for incorporating various sectors and aspects of the economy.
The ECRI framework covers 21 economies, incorporating well over 100 proprietary indexes designed to be comparable across borders.

News

WLI Slips

A weekly gauge of the U.S. economy edged lower in the latest week although its overall performance for the last month recovered from lows hit in Oct. 2002 and a prewar decline, a report showed on Thursday.

"The growth rate tells us that the index as a whole has made up for the ground it lost due to war jitters," Anirvan Banerji, ECRI research director, told Reuters. "It looks as though we are back on track for a continuation of the sub-par recovery we had earlier in 2002."

The Weekly Leading Index is composed of a balance of seven major economic indicators. ECRI designs short- and long-term indexes aimed at predicting business cycles, recessions and recoveries in the world's leading economies.