Weekly Leading Index Advances
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ECRI’s U.S. Weekly Leading Index (WLI) advanced to 141.7, while the growth rate rose to 5.3%, its highest reading since January.
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:
Highlight: Lower-income households "don't make up all that much of consumer spending... when compared to what the upper half of the households are consuming," @businesscycle says. "That's the lion's share of consumer spending." More: pic.twitter.com/mk88hLjPfC
— Yahoo Finance (@YahooFinance) October 28, 2020
What does our Future Inflation Gauge tell us about inflation prospects? Clip below, or click through for the full interview. https://t.co/s7RwJhdQQs
— Lakshman Achuthan (@businesscycle) October 24, 2020
"You've got a growth upturn, you've got an inflation upturn." Implications for Fed, yield curve and more (full interview): https://t.co/6x7mskVD0K
— Lakshman Achuthan (@businesscycle) October 16, 2020
For a quick glance at the WLI’s recent performance, please see the chart below.
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