WLI Falls Back to Cycle Low

A measure of future economic growth in the United States and its annualized growth rate resumed their fall in the latest week, indicating a recovery in the business cycle should not be expected soon, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index fell in the week ending Dec. 5 to 106.9 from 109.8 in the previous week, which was revised from 109.9.

The index's annualized growth rate declined to negative 29 percent from an also revised minus 28.6 percent, initially reported at minus 28.5 percent.

"With the WLI falling back to its cycle low after a one-week uptick, a business cycle recovery is still nowhere in sight," said Lakshman Achuthan, managing director at ECRI...