April 2019 ECRI's WLI Growth Rate Index Now In Expansion
ECRI's WLI Growth Index which forecasts economic growth six months forward improved and returned to expansion this week.
Analyst Opinion of the trends of the weekly leading indices
In essence, there is little growth forecast six months from today.
Here is this week's update on ECRI's Weekly Leading Index (note - a positive number indicates growth):
U.S. Coincident Index:
ECRI produces a monthly coincident index. The February economy's rate of growth (released in March) showed the rate of growth marginally 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 March index (released in April) shows no inflation pressure (positive numbers show inflation pressure).
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U.S. Lagging Index:
ECRI produces a monthly Lagging index. The February economy's rate of growth (released in March) showed the rate of growth insignificantly declined.
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source: ECRI
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