ECRI Divergence from Consensus Normal
WNYC
August 18, 2009
(WNYC) - ECRI's Lakshman Achuthan spoke with WNYC's Andrea Bernstein and Amy Holmes about the surge in the Weekly Leading Index, and how it is normal for these leading indicators to be out of step with how people feel about the economy.
12/08: (ECRI’s) forecast of the recession helped us anticipate reduced merchandise sales; we proactively revised our inventory forecasts down months ago, and that has helped to greatly minimize the inventory swell and need for markdowns.
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