October 2019 ECRI's WLI Growth Rate Declined And Remains In Contraction

By Steven Hansen of Global Economic Intersection

Managing Partner at Econintersect LLC • Nov 2, 2019 at 9:06 AM EDT

In essence, there is no growth forecast in the business cycle six months from today.

ECRI's WLI Growth Index which forecasts economic growth six months forward declined and 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):

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.

(Click on image to enlarge)

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.

(Click on image to enlarge)

source: ECRI

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U.S. Lagging Index:

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