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WLI Stabilizing?


There was a flicker of good news in February, when the Economic Cycle Research Institute's Weekly Leading Index rose for the first time in six weeks.

The index, a composite of daily and weekly data on economic drivers of the business cycle... is still looking pretty weak, said Lakshman Achuthan, the managing director at ECRI, but it has stopped falling, and there has been some stabilization since mid-December.

"When these leading indexes begin to start rising, that will be a very clear and, as importantly, a very objective sign of a recovery," Achuthan said.

Detailed information about the institute's research is available only to subscribers, but the leading index is frequently mentioned in news reports and is worth following as a reliable indicator of key changes in the business cycle.
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