The ECRI Index Of Leading Economic Indicators Plunges Even Farther Into Negative Territory

The ECRI Index Of Leading Economic Indicators Plunges Even Farther Into Negative Territory

from Clusterstock by Doug Short

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.