Weekly Leading Index Edges Up
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ECRI’s U.S. Weekly Leading Index (WLI) edged up to 146.4. The growth rate ticked up to 16.3%, the highest reading since February 2010.
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:
The business cycle may be the single most important determinant of investment and business performance. Today we share a walkthrough of our 2020 global industrial growth upturn call. More here: https://t.co/GEm7uSu7IH pic.twitter.com/eP7vHByu5p
— Lakshman Achuthan (@businesscycle) January 15, 2021
Commodities continue to rip to the upside in line with our spring 2020 call. As the chart suggests, no near-term downturn, but our longer leading indexes hint at storm clouds on the horizon. pic.twitter.com/6KKwoM8eHi
— Lakshman Achuthan (@businesscycle) January 13, 2021
Yesterday's interview and full transcript: https://t.co/F7zyygFiPl via @Yahoo
— Lakshman Achuthan (@businesscycle) January 5, 2021
For a quick glance at the WLI’s recent performance, please see the chart below.
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