ECRI Weekly Leading Index indicator falls sharply and still suggests a very sluggish outlook

The Weekly Leading Index (WLI) from the Economic Cycle Research Institute (ECRI) fell sharply (-1.16% vs. +0.86% last week) but the six-month smoothed growth rate rose moderately (from -6.5 to -6.0) for a second consecutive week, but remains moderately below the flat line, suggesting that the economy will be somewhat sluggish in the months ahead.

According to ECRI, "Notwithstanding its recent uptick, WLI growth remains in the danger zone."

-- Jack Krupansky