Weekly Leading Index Ticks Up
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ECRI’s U.S. Weekly Leading Index (WLI) ticked up to 139.4, as the growth rate rose to 1.6%.
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:
We’ve recouped half the service sector job losses from the Covid crisis, but are still below the lowest readings following the Great Recession. Recovering the rest of those services jobs won't be as easy. pic.twitter.com/dTQ3s7luoZ
— Lakshman Achuthan (@businesscycle) September 4, 2020
Even in a post-crisis world where everyone is focused on central banks, cyclical fundamentals matter. https://t.co/suakPGRWl7
— Lakshman Achuthan (@businesscycle) August 28, 2020
For a quick glance at the WLI’s recent performance, please see the chart below.
Review ECRI’s real-time track record.
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