August 2019 ECRI's WLI Growth Rate Marginally Declined

ECRI's WLI Growth Index which forecasts economic growth six months forward declined and now forecasts literally no growth.

Analyst Opinion of the trends of the weekly leading indices

In essence, there is no growth forecast in the business cycle six months from today.

Here is this week's update on ECRI's Weekly Leading Index (a positive number indicates growth):

Weekly Leading Index Ticks Down

Click here to download ECRI WLI data for free, including the full history of its level and growth rate. On mobile, click here to go to ECRI's Reports & Indexes page, then click "Full Site."
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ECRI's U.S. Weekly Leading Index (WLI) ticked down to 145.7 while the growth rate slipped to 0.1%.

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ECRI has long determined business cycle and growth rate cycle chronologies for 21 countries that can be freely accessed here.

The WLI is one of many ECRI U.S. leading indexes, including some with longer leads over cyclical turning points in economic growth.

Please see links below for public statements ECRI has made about our cyclical outlook:

- Read ECRI's "PMIs Have Not Bottomed Ye t"

- Read ECRI's "The Elephant in the Room Forcing the Fed Rate Cut"

- Bloomberg Interview with ECRI's Achuthan "China and G7 Inflation"

For a quick glance at the WLI's performance, please see the chart below.

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Click here to review ECRI's recent real-time track record.

For information on ECRI professional services please contact us.

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U.S. Coincident Index:

ECRI produces a monthly coincident index. The June economy's rate of growth (released in July) showed the rate of growth declined.

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U.S. Future Inflation Gauge:

ECRI produces a monthly future inflation index which leads U.S. inflation cycle turning points. The July index (released in August) shows deflation pressure (positive numbers show inflation pressure).

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