Latest ECRI Weekly Leading Index Readings

HenryTo

For some reason, the ECRI doesn't publish weekly press releases anymore on its Weekly Leading Index readings - although one can still get access to the weekly readings via a (free) registration.

For the week ending June 17, 2005, the Weekly Leading Index level is at 133.4 - a growth rate of 0.2% from last year. I will try to update this thread every week from now on.

Hope everyone is having a great Sunday!

Henry

index investor · Posted: Sat Nov 24, 2007 9:55 am Post subject:

Henry,
Thanks. That is about what I thought it ment, but was not sure.

Charles
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charles leary

HenryTo · Posted: Fri Nov 23, 2007 9:39 pm Post subject:

Hi Charles,

Hope you had a great Thanksgiving.

The WLI is defined on the ECRI's website, but following is their definition ("annual ROC" stands for annual rate of change):

index investor · Posted: Fri Nov 23, 2007 6:00 pm Post subject:

Henry,
What does WLI and annual ROC stand for? Thanks.

Charles
_________________
charles leary

HenryTo · Posted: Fri Nov 23, 2007 3:16 pm Post subject:

For the week ending 11/16/2007:

WLI = 139.2
Annual ROC = -1.2% (the lowest reading since the September 1, 2006 reading)

Last week's WLI was revised to 139.9. No revision to the annual ROC, however.

HenryTo · Posted: Fri Nov 16, 2007 10:21 am Post subject:

For the week ending 11/9/2007:

WLI = 140.0
Annual ROC = -0.9%

Last week's WLI and annual ROC were revised to 140.3 and -0.7%, respectively.

HenryTo · Posted: Fri Nov 09, 2007 12:50 pm Post subject:

For the week ending 11/2/2007:

WLI = 140.1
Annual ROC = -0.9%

No revisions to last week's readings. The annual rate of change of -0.9% is now at its lowest level since mid September 2006.

HenryTo · Posted: Fri Nov 02, 2007 8:49 am Post subject:

For the week ending 10/26/2007:

WLI = 139.4
Annual ROC = -0.7%

No revisions to last week's readings. The annual rate of change of -0.7% is now at its lowest level since early October 2006.

HenryTo · Posted: Fri Oct 26, 2007 11:59 am Post subject:

For the week ending 10/19/2007:

WLI = 139.7
Annual ROC = -0.5%

Last week's WLI and annual ROC were revised to 140.1 and -0.3%, respectively.

rffrydr · Posted: Tue Oct 23, 2007 6:09 pm Post subject:

Persaud gives thumbs-up to super-fund:

http://www.ft.com/cms/s/717cc37a-7ddc-11dc-9f47-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F717cc37a-7ddc-11dc-9f47-0000779fd2ac.html&_i_referer=http%3A%2F%2Fsearch.ft.com%2Fsearch%3FqueryText%3DPersaud%26aje%3Dtrue%26dse%3D%26dsz%3D%26x%3D12%26y%3D6

I agree: there is no price where there is no market.
_________________
Today is the Tomorrow you worried about Yesterday!

HenryTo · Posted: Sat Oct 20, 2007 9:46 pm Post subject:

For the week ending 10/12/2007:

WLI = 139.9
Annual ROC = -0.4%

Last week's WLI and annual ROC were revised to 140.4 and -0.3%, respectively. This is a major revision (one that I haven't seen before) and reflects new money supply data that was published by the Fed last week. Note that because of this money supply revision, the WLI data has been revised downwards by a substantial margin stretching back to late August.

Following is the official press release:
-----------------------------------------------------------------------------------
19-October-2007

NEW YORK, Oct 19 (Reuters) - A weekly gauge of future U.S. economic growth slipped in the latest week due to higher interest rates, and its annualized growth rate declined, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index (WLI) slipped to 139.9 in the week ended Oct. 12 from a revised 140.4 in the prior week, originally reported at 141.5.

The negative impact of higher interest rates and lower industrial commodity prices was offset by higher stock prices, said Melinda Hubman, research associate at ECRI.

The annualized growth rate in the index slipped to a negative 0.4 percent from a negative 0.3 percent in the prior week.

The prior week's figure was initially reported as a 1 percent increase. ECRI Managing Director Lakshman Achuthan said a major factor in the revision stemmed from ECRI's analysis of revised Federal Reserve data which indicated slower growth in the money supply.

ECRI analyst Hubman said: "With WLI (annualized) growth now hovering near one-year low, a broad-based slowdown in U.S. economic growth is likely but a recession is not."

HenryTo · Posted: Fri Oct 12, 2007 10:00 am Post subject:

For the week ending 10/5/2007:

WLI = 141.5
Annual ROC = 1.0%

Last week's WLI was revised to 140.8. No revision to the annual ROC.

rffrydr · Posted: Fri Oct 05, 2007 8:59 am Post subject:

Achuthan on CNBC roundtable today.
_________________
Today is the Tomorrow you worried about Yesterday!

HenryTo · Posted: Fri Oct 05, 2007 8:41 am Post subject:

For the week ending 9/28/2007:

WLI = 140.9
Annual ROC = 0.9%

Last week's WLI and annual ROC were revised to 141.0 and 0.9%, respectively.

HenryTo · Posted: Sat Sep 29, 2007 2:56 pm Post subject:

For the week ending 9/21/2007:

WLI = 141.1
Annual ROC = 1.0%

Last week's WLI and annual ROC were revised to 140.7 and 0.5%, respectively.

HenryTo · Posted: Fri Sep 21, 2007 9:22 am Post subject:

For the week ending 9/14/2007:

WLI = 140.6
Annual ROC = 0.4%

Last week's WLI and annual ROC were revised to 140.8 and 0.3%, respectively.