November 2019 ECRI's WLI Growth Rate Insignificantly Improved But Remains In Contraction

By Steven Hansen of Global Economic Intersection

Managing Partner at Econintersect LLC • Nov 8, 2019 at 3:11 PM EST

ECRI's WLI Growth Index which forecasts economic growth six months forward insignificantly improved but remains in contraction.

ECRI's WLI Growth Index which forecasts economic growth six months forward insignificantly improved but remains in contraction.

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 Up

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 up to 145.7 as the growth rate edged up to -0.3%.

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ECRI has long determined business cycle and growth rate cycle chronologies for 22 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 Achuthan and Banerji CNN Op-Ed "Don't Blame Global Slowdown on Trade War"

- CNBC talks with ECRI's Achuthan "Consumer Spending Growth Slowing"

- CNBC interview with ECRI's Achuthan "ISM Mfg, Jobs & Consumer"

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

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Review ECRI's recent real-time track record.

For information on ECRI professional services please contact us.

Follow @businesscycle on Twitter and ECRI on LinkedIn.

U.S. Coincident Index:

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

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U.S. Lagging Index:

ECRI produces a monthly Lagging index. The September economy's rate of growth (released in October) showed the rate of growth was little changed.

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source: ECRI

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