September 2019 ECRI's WLI Growth Rate Again Marginally Improves

By Steven Hansen of Global Economic Intersection

Managing Partner at Econintersect LLC • Sep 22, 2019 at 12:02 AM EDT

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

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

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 August economy's rate of growth (released in September) showed the rate of growth declined.

(Click on image to enlarge)

U.S. Lagging Index:

ECRI produces a monthly Lagging index. The August economy's rate of growth (released in September) showed the rate of growth slowed.

(Click on image to enlarge)

Source: ECRI

Disclaimer:

No content is to be construed as investment advise and all content is provided for informational purposes only.The reader is solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable based on reader’s investment objectives and personal and financial situation.

Posts are not intended to provide tax, legal, insurance or investment advice, and nothing should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Econintersect or any third party. Reader should consult an attorney or tax professional regarding your specific legal or tax situation.

All information at Econintersect is provided “as is”without warranties, expressed or implied, or representations of any kind to the fullest extent permissible under applicable law, andEconintersect or its authors will not be liable for the quality, accuracy, completeness, reliability, or timeliness of this information, or for any direct, consequential, incidental, special or punitive damages that may arise out of use of this information by you or anyone else, including but not limited to lost profits, loss of opportunities, trading losses, and damage that may result from any inaccuracy or completeness of this information to the fullest extent permitted by law. The Econintersect or its authors will not be liable to you or anyone else under any tort, contract, negligence, strict liability, products liability, or other theory with respect to this presentation of information.

Comments

Back to all articles

U.S. Lagging Index:

More from this Author

Federal Open Market Committee

Headline Durable Goods New Orders Marginally Slowed In July 2021

July 2021 CFNAI Super Index Moving Average Index Improves