WLI Growth Edges Down
Reuters
December 24, 2009
(Reuters) - A weekly measure of future U.S. economic growth edged slightly lower in the latest week, along with its yearly growth rate, but remained high enough to signal economic improvement ahead, a research group said on Thursday.
The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index inched down to 130.4 in the week ended Dec. 18 from 130.7 the previous week.
The index's annualized growth rate edged down to 24.4 percent from 24.7 percent a week ago.
"With WLI growth remaining robust, the economy will keep improving in the months ahead," said Lakshman Achuthan, Managing Director at ECRI.
5/09: ...I have to pay attention to those people and indicators that have pointed in the right direction -- even when they've gone against the crowd (and my opinion at the time). One such outfit is the Economic Cycle Research Institute, whose various leading indicators actually have done just that—lead where things were headed .
- Randall Forsyth, Barron's
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