The Recovery Is Intact - ECRI

by: Cullen Roche

The ECRI is reporting continued strength in their Weekly Leading Index. The index rose to 134.7 for the week ended April 30th. The annualized growth growth rate jumped to 12.7% up from 12.4% last week. Lakshman Achuthan, head of ECRI says there is little risk of renewed recession based on this strong data:

“With the forward-looking WLI rising to its best reading since January 2008, there is little risk of renewed recession.”

ECRI ECRI: THE RECOVERY IS INTACTClick to enlarge

Source: ECRI