ECRI's WLI Growth Index Insignificantly Improves

ECRI's WLI Growth Index which forecasts economic growth six months forward was improved and remains in positive territory for the 20th week - after spending the previous 35 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 June index value (issued in July) shows slower 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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U.S. Future Inflation Gauge Rises

U.S. inflationary pressures were up in July, as the U.S. future inflation gauge gained to 112.6 from an unrevised 111.4 reading in June, according to data released Friday morning by the Economic Cycle Research Institute.

"The USFIG rose again to a 97-month high in July," ECRI Chief Operations Officer Lakshman Achuthan said in a release. "Thus, cyclical inflation pressures are increasing inexorably."

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

U.S. Lagging Index:

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source: ECRI