December 2018 ECRI's WLI Growth Rate Index Worsens And Remains In Contraction

By Steven Hansen of Global Economic Intersection

Managing Partner at Econintersect LLC • Dec 28, 2018 at 1:46 PM EST

ECRI produces a monthly coincident index - a positive number shows economic expansion. The November index value (issued in December) shows the rate of economic growth marginally declined.

ECRI's WLI Growth Index which forecasts economic growth six months forward worsened and remains in contraction.

Analyst Opinion of the trends of the weekly leading indices

The current forecast is a slight economic contraction six months from today.

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

Coincident Index:

ECRI produces a monthly coincident index - a positive number shows economic expansion. The November index value (issued in December) shows the rate of economic growth marginally declined.

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ECRI produces a monthly inflation index - a positive number shows increasing inflation pressure. Inflation pressures subsided in November.

U.S. Future Inflation Gauge:

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ECRI produces a monthly Lagging index. The November economy's rate of growth (released in December) showed the rate of growth improved.

U.S. Lagging Index:

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source: ECRI

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