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ECRI index weakens slightly

The Economic Cycle Research Institute's  Weekly Leading Index weakened slightly, falling to 121.8 from last week resulting in the all important annualized 鈥済rowth鈥� component showing a value of -7.9 and continuing to suggest a recession call on the part of the ECRI鈥檚 economics staff.

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This chart shows the growth of the Economic Cycle Research Institute's weekly index over the past decade.The index has turned notably negative which appears to be signaling that the probability of recession is high.

The latest release of the Economic Cycle Research Institute鈥檚 (ECRI) Weekly Leading Index weakened slightly falling to 121.8 from last week resulting in the all important annualized 鈥済rowth鈥� component showing a value of -7.9 and continuing suggest a recession call on the part of the ECRI鈥檚 economics staff .

The chart above shows the ECRI鈥檚 Weekly Leading Index growth component since 2001.

Notice that this index has turned notably negative which, along with an erosion in many other key macro-economic series, appears to be signaling that the probability of recession is high.

For a very entertaining debate over the ECRI leading index and the recent recession call .

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