According to the U.S. Weekly Leading Index (US WLI) released on 26 June 2009 published by Economic Cycle Research Institute ((ECRI)), there are continuing signs of economic improvement. Lakshman Achuthan of ECRI states:
Following a 28-week upturn, WLI growth has broken into positive territory for the first time in over 22 months – an affirmation that an end to the recession is at hand.
The US WLI has a slight lead over business cycles.
As a leading indicator, the WLI is forecasting economic conditions approximately six months in the future. I have simultaneously published a complete economic analysis.
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