Friday, July 16, 2010

ECRI Weekly Leading Index flat

The Economic Cycle Research Institute (ECRI) Weekly Leading Index (WLI) was flat compared to a week ago.

The WLI is well below its peak in April, and roughly at the same level as a year ago when the recovery was just getting underway in earnest.

The annualized growth rate for WLI is moderately below zero, modestly lower than a week ago.

This suggests that the economy is likely to slow a bit further, but as of this week a double-dip recession is still not in the cards from the WLI perspective.

-- Jack Krupansky

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