ECRI's WLI Growth Index Improves - At 3 Year High

ECRI's WLI Growth Index which forecasts economic growth six months forward expanded marginally and remains in positive territory for the eleventh week - after spending the previous 34 consecutive weeks in negative territory.

Current ECRI WLI Level and Growth Index:

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 April number (issued in May) shows slightly improved economic growth.

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ECRI produces a monthly inflation index - a positive number shows increasing inflation pressure.

U.S. Future Inflation Gauge:

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Future Inflation Gauge at 94-mo High

U.S. inflationary pressures were up in May, as the U.S. future inflation gauge gained to 110.1 from a 108.1 reading in April, according to data released Friday morning by the Economic Cycle Research Institute.

"The USFIG increased again in May to a 94-month high," ECRI Chief Operations Officer Lakshman Achuthan said in a release. "Thus, underlying inflation pressures are still on the rise."

ECRI produces a monthly Lagging index. The March's economy's rate of growth (released in April) showed the rate of growth was flat.

U.S. Lagging Index:

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source: ECRI