ECRI's WLI for Feb 23, 2007

Posted by Kirk Lindstrom Feb 23, 2007

February 23, 2007

ECRI is the Economic Cycle Research Institute, founded by Geoffrey H. Moore.

Graphs of WLI vs GDP Growth

In their press release, ECRI wrote:

• The Economic Cycle Research Institute, an independent forecasting group, said its Weekly Leading Index climbed to 139.3 in the week ending Feb. 16 from 138.9 in the prior week.
• The annualized growth rate inched down to 3.4 percent from 3.5 percent in the previous period.
• "Even though WLI growth has now eased to a nine-week low it remains comfortably above last summer's readings, indicating that the U.S. growth outlook is positive," said Lakshman Achuthan, managing director at ECRI.
• The rise in the index was partly offset by slower housing activity, Achuthan said.

Note: Occasionally the WLI level and growth rate can move in different directions, because the latter is derived from a four-week moving average.

Graphs of WLI vs GDP Growth as of 2/23/07

Read their book

Beating the Business Cycle: How to Predict & Profit from Turning Points in the Economy by Lakshman Achuthan and Anirvan Banerji

Discuss & Ask Questions of Lakshman

Discuss and ask questions about ECRI's FIG, WLI and other economic terms in our ECRI Data & Forecast discussion forum where Lakshman kindly answers questions about their excellent indexes and how they relate to the economy.

Definitions:

• WLI is Weekly Leading Index
• FIG is Future Inflation Gauge
• ECRI is Economic Cycle Research Institute
• ECRI website: http://www.businesscycle.com

Kirk Lindstrom:

DISCLAIMER: Answers & my words are general in nature, are not meant as specific investment advice, and do not necessarily represent the opinion of anyone but Kirk. Individuals should consult with their own advisors for specific investment advice.