July 2021 ECRI's WLI Growth Rate Decline Continues

ECRI's WLI Growth Index which forecasts economic growth six months forward was marginally declined but remains in expansion. ECRI also released their coincident and lagging indicators this past week.

Analyst Opinion of the trends of the weekly leading indices

This index is indicating that in the third quarter of 2021 the economy should be in expansion year-over-year

Here is this week's update on ECRI's Weekly Leading Index (a positive number indicates growth):

ECRI's U.S. Weekly Leading Index (WLI) dropped while its growth rate slowed.

Read why longer leads are critical.

ECRI has long determined business cycle and growth rate cycle chronologies for 22 countries that can be freely accessed here.

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

The Best Way to Use the Weekly Leading Index (WLI)

Review ECRI's current real-time track record.

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U.S. Coincident Index:

ECRI produces a monthly coincident index. June's economy's rate of growth (released in July) showed the rate of growth slowed but continued in expansion.

U.S. Lagging Index:

ECRI produces a monthly Lagging index. June's economy's rate of growth (released in July) showed the rate of growth improved and now is slightly in expansion.

source: ECRI

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