WEI and WECI, for data releases through 10/11/2025:

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Figure 1: Lewis-Mertens-Stock Weekly Economic Index (blue), and Baumeister-Leiva-Leon-Sims Weekly Economic Conditions Index for US, deviation from trend growth(tan), all y/y growth rate in %. Source: FRED, WECI, accessed 10/16.

Note that WECI is for a deviation from trend growth rate, while WEI is the growth rate. In both cases, growth has decelerated since “Liberation Day” by 0.6 ppts.

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Figure 2: Lewis-Mertens-Stock Weekly Economic Index (blue), and Baumeister-Leiva-Leon-Sims Weekly Economic Conditions Index for US (tan), all y/y growth rate in %, relative to 4/5/2025. Source: FRED, WECI, accessed 10/16, and author’s calculations.

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