Weekly Leading Index Forecasting Darker Economic Times

According to the U.S. Weekly Leading Index (US WLI) released on Friday, October 31, published by Economic Cycle Research Institute (ECRI), economic growth continues to remain solidly in recession territory. Lakshman Achuthan of ECRI states:

With WLI growth plummeting to the lowest reading registered in its six-decade history, the outlook for the economy has darkened dramatically.

The US WLI has a slight lead over business cycles.

As a leading indicator, the WLI is demonstrating that economic conditions in the future are going to be worse than they are today.

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Comments

[gotnochips:]

Concise; direct; understandable. Brevity is the soul of wit.

2008 Nov 02 09:05 AM