ECRI's Weekly Leading Index Rises, But Growth Rate Falls

Kirk Lindstrom submits:The Economic Cycle Research Institute, (ECRI) - a New York-based independent forecasting group - released their latest readings for their proprietary Weekly Leading Index (WLI) on 27 August. (See more about ECRI here.) For the week ending August 20, 2010

The Pragmatic Capitalist submits: The Economic Cycle Research Institute says its Weekly Leading Index declined to 131.2 for the week ending April 9. This was down from last week’s reading of 131.9. The annualized growth rate of the index fell to 12.6% down from 13.4% last week. This was the lowest reading in 36 week’s.

The Pragmatic Capitalist submits: The ECRI says their weekly leading indicator of U.S. economic growth rose for the seventh straight week. Meanwhile, the annual growth rate of the metric stabilized at 13.1% after 12 weeks of declines. Although they say this is likely forecasting a slow-down in economic growth in the coming months, it still rules out any potential double dip:

The Pragmatic Capitalist submits: The negative trend in the ECRI’s weekly leading index continued this week. The annual growth rate for their leading index declined to -5.7% for the week ending June 11th. This was down from -3.7% last week.This is just the second negative reading since the ECRI began calling for an economic recovery early in 2009. Lakshman Achuthan, ECRI’s managing director is not yet concerned about the decline in the leading index:

The Pragmatic Capitalist submits: The ECRI has released their latest reading on their weekly leading indicator and the news is becoming a bit more mixed. The leading index fell to 130.9 from last week’s reading of 131.4. Of concern is the slowing annualized growth rate. The annualized growth rate dipped to 21.5% from 22.7% last week.

Edward Harrison submits:The ECRI Weekly Leading Index (WLI), a measure of future U.S. economic growth stands at 120.6 unchanged from a week ago. We first began actively talking about the WLI in April as a predictive indicator for either sustained recovery or a double dip recession.

Doug Short submits: Today the Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) registered negative growth for the eleventh consecutive week, coming in at -10.0, a fractional improvement from last week's -10.2, which was a downward revision from -9.8. This number is based on data through August 13. The rate of decline from the peak in October 2009 is unprecedented in the Institute's published data back to 1967.