Weekly Leading Index Rises
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ECRI’s U.S. Weekly Leading Index (WLI) rose to 158.7, a record high. The growth rate increased to 24.8%.
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 jobs recovery slowed in April, but is still creeping further above Great-Recession lows. pic.twitter.com/GRMaeutsWd
— Lakshman Achuthan (@businesscycle) May 7, 2021
Our latest take on inflation as inflation expectations hit a fresh eight-year high. Watch our interview with @seemacnbc here: https://t.co/HuGhPYbGkC
— Lakshman Achuthan (@businesscycle) May 6, 2021
Updating our public comments on global industrial growth and commodity price inflation cycles with @AndrewBellBNN on @BNNBloomberg. Watch here: https://t.co/65MQg8NnXP
— Lakshman Achuthan (@businesscycle) April 29, 2021
For a quick glance at the WLI’s recent performance, please see the chart below.
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