Saturday, September 28, 2019 11:20 PM EDT
ECRI's WLI Growth Index which forecasts economic growth six months forward marginally improved but remains slightly 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 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
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