Weekly Leading Index Slides to Five Year Low

According to the U.S. Weekly Leading Index (US WLI) released on 09/19/08 published by Economic Cycle Research Institute [ECRI], economic growth remains solidly in recession territory.  Lakshman Achuthan of ECRI states:

 “With the WLI level sliding to a new five-year low, a business cycle recovery is not yet in the cards."

 The US WLI has a slight lead over business cycles.

 

 Disclosure: None