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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 INTACT

Source: ECRI

Source: The Recovery Is Intact - ECRI