Weekly Leading Index Decreases
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ECRI’s U.S. Weekly Leading Index (WLI) decreased to 151.8. The growth rate increased further to 22.9%, a 585-week high.
ECRI has long determined business cycle and growth rate cycle chronologies for 22 countries that can be freely accessed here.
The WLI is one of many ECRI U.S. leading indexes, including some with longer leads over cyclical turning points in economic growth.
Please see below for public statements ECRI has made about our cyclical outlook:
In late summer 2020 ECRI made an inflation cycle upturn call that has come to the forefront in recent weeks. What happens next depends on the USFIG. Read more here: https://t.co/r72kDjD7iK pic.twitter.com/w3vFXIY30A
— Lakshman Achuthan (@businesscycle) March 5, 2021
With the pace of the Covid-recession jobs recovery picking up, we’ve finally surpassed Great-Recession lows. pic.twitter.com/cUNul4FFkN
— Lakshman Achuthan (@businesscycle) March 5, 2021
As our current inflation cycle upturn call continues to play out, it is instructive to understand what transpired during the 2016-17 inflation cycle upturn. More here: https://t.co/8secGiRBxu pic.twitter.com/DN1G1kdjzq
— Lakshman Achuthan (@businesscycle) February 16, 2021
For a quick glance at the WLI’s recent performance, please see the chart below.
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