July 2019 ECRI's WLI Growth Rate Marginal Improvement Continues

ECRI's WLI Growth Index which forecasts economic growth six months forward improved but remains in contraction. ECRI also released their coincident and lagging indices.

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 Slips

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) slipped to 145.9 while the growth rate increased to -0.7%.

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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:

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

- RealVision discussion with ECRI's Achuthan "Interview: Using Data to Answer the Recession Question"

- CNBC Interview with ECRI's Achuthan "Earning Growth Outlook Plunges"

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.

Follow @businesscycle on Twitter and on LinkedIn.

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 June index (released in July) shows deflation pressure (positive numbers show inflation pressure).

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