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 Ticks Up

A measure of future U.S. economic growth rose to a 4-week high in the latest week, while the index's annualized growth rate held steady, 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 123.2 in the week ending Oct. 29 from 123.0 the previous week.

That was the highest level since Oct. 1, when it stood at 123.7.

The index's annualized growth rate was minus 6.5 percent, the same rate as a week earlier.

Last week's growth rate marked a 19-week high, the highest since June 11, when it was minus 6.1 percent.