ECRI: RECOVERY REMAINS RESILIENT
9 April 2010 by Cullen Roche
1 Comment
The ECRI’s Weekly Leading Index continues to show robust signs of recovery. The latest reading fell to 131.9 from last week’s reading of 132. The index’s annualized growth rate fell to 13.6% from last week’s reading of 13.9%.
Lakshman Achuthan, managing director at ECRI says the recovery remains well intact though growth is likely to ease in the coming months:
“After a 20 week decline, WLI growth has been holding pretty steady for the last six weeks, suggesting that, while U.S. economic growth will ease in coming months, the recovery remains resilient.”
Source: ECRI
say what you will but they seem to have been right so far. I don’t know what their track record was before the crash.
ECRI EXPECTS “VIGOROUS” RECOVERY
11 September 2009 by TPC 5 Comments
A weekly gauge of future U.S. economic growth hit a year-high in the latest week, sending its yearly growth rate to an all-time high that points to a more vigorous recovery than consensus has shown.
The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index rose to 125.4 in the week to Sept. 4 from a revised 124.6 the prior week, which was originally reported at 124.7.