Saturday, September 17, 2011
The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) has now dropped further into negative territory after oscillating in a narrow range (1.5 to 2.1) from late June through the first week of August.
Today's update of the publicly available data available (through September 9) now puts the decline at -7.1, down from last week's revised -6.6 (previously -6.2). The interim high of 8.0 was set in the week ending on April 15.
For a close look at this movement of this index in recent months, here's a snapshot of the data since 2000.
Posted by Michele Kearney at 11:38 AM