Weekly Leading Index Ticks Down
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ECRI’s U.S. Weekly Leading Index (WLI) ticked down to 141.2, while the growth rate rose further to 6.5%.
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:
Still short of Great-Recession lows, the Covid recession jobs recovery has slowed a bit more. pic.twitter.com/4yIsVoXAuj
— Lakshman Achuthan (@businesscycle) November 6, 2020
"Lakshman Achuthan, co-founder of the Economic Cycle Research Institute, who considers leading indicators to assess where the economy is headed, said no matter who wins, the economy is unlikely to fall into a recession in the next two quarters." For more:https://t.co/1Omj4xVblU
— Lakshman Achuthan (@businesscycle) November 6, 2020
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
For a quick glance at the WLI’s recent performance, please see the chart below.
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