U.S. WLI Monthly Ticked Down
The level of the monthly WLI ticked down to 137.2 from 137.7.
The growth rate of the monthly WLI decreased to 7.2% from 8.9%.
The U.S. economic slowdown is set to continue, as the latest WLI upturn is not sufficiently pronounced, pervasive and persistent – the three P’s – to qualify as a true cyclical upturn. Rather, it partly reflects the run-up in the markets as the early-2016 recession fears among the consensus faded, with the Fed backing off its rate hike plans, the dollar weakening, and some data beating significantly lowered expectations.
To put the economy in perspective please see links below:
- read ECRI's "Cautionary Signs for Consumer Spending."
- listen to Lakshman Achuthan's interview on Financial Sense.