Weekly Leading Index Rises
Click here to freely download ECRI WLI data, including the full history of its level and growth rate.
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ECRI’s U.S. Weekly Leading Index (WLI) rose to 127.4, while the growth rate increased further to -22.1%.
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:
A Solid Uptick: In two months we lost more than double the percentage of jobs lost in 2008-10, and nearly half the percentage lost in 1929-33 – before regaining more than one in nine of those lost jobs. https://t.co/OmMdNnZBtq pic.twitter.com/nHSpcbrOxO
— Lakshman Achuthan (@businesscycle) June 5, 2020
History repeats itself. As ECRI’s Weekly Leading Index points to recovery, the Conference Board’s LEI and the OECD’s CLI keep falling. https://t.co/2CQBTHRCLH pic.twitter.com/yrIUgIRXKe
— Lakshman Achuthan (@businesscycle) June 4, 2020
Two key recovery scenarios for markets. Detailed write-up and interview here: https://t.co/3yvHJkJUAx pic.twitter.com/aQlxZ4WhEp
— Lakshman Achuthan (@businesscycle) June 4, 2020
For a quick glance at the WLI’s performance, please see the chart below.
Review ECRI’s real-time track record.
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