Weekly Leading Index Decreases
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ECRI’s U.S. Weekly Leading Index (WLI) decreased to 144.2. The growth rate rose further to 12.1%, the highest since April 30, 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:
Full discussion on housing, our inflation upturn call, interest rates and a look ahead to 2021. https://t.co/BKhgaYPhmr
— Lakshman Achuthan (@businesscycle) December 10, 2020
Trend shows home price growth at record high, rising at fastest pace since early 2000s https://t.co/Lz8miVt1CC (via @TradingNation)
— Stephanie Landsman (@StephLandsman) December 10, 2020
"These data illustrate the tremendous durability of standard cycle dynamics, which stand in sharp contrast to attention-grabbing headlines around politics and the pandemic." Read our latest column via @Investopedia here: https://t.co/FjAkpZyh2e pic.twitter.com/3YQKuvW78K
— Lakshman Achuthan (@businesscycle) December 9, 2020
Why the business cycle is pointing to higher highs ahead as the #reflation trade surges on. The latest from @businesscycle:https://t.co/fZsLGd36Vi
— Investopedia (@Investopedia) December 7, 2020
For a quick glance at the WLI’s recent performance, please see the chart below.
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