OT--> ECRI
I explored their site, and while they are too expensive for me to actually subscribe to for their first tier service, they are good enough to allow the inquiring and semi-industrious public an overview of their weekly forecasts here:
businesscycle.com
I've bookmarked it. Here is their most recent snapshot:
WLI Growth Tumbles
Reuters
May 28, 2010
(Reuters) - A measure of future U.S. economic growth fell to a 39-week low in the latest week, pointing to a slowdown in economic growth, a research group said on Friday.
The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index fell to 125.6 in the week ended May 21, down from a revised 127.2 the previous week, originally reported as 127.3.
That was the lowest level since Aug. 21, 2009, when the index stood at 125.3.
The index's annualized growth rate tumbled to a 47-week low of 5.1 percent from 9.0 percent a week ago. That's the worst level since June 26, 2009, when it stood at 4.6 percent.
"The downturn in WLI growth evident since early 2010 has recently intensified, so it should be no surprise when U.S. economic growth slows noticeably in the months ahead," said Lakshman Achuthan, managing director of ECRI.
businesscycle.com
You have to be careful with their numbers--they tend to fluctuate, and I think it is important to put them into perspective by going back and reading at least several months of their weekly updates to get sense of their fluctuations. Of course, they will give their subscribers a much more in-depth report. Wish I had enough to be able to subscribe to them. Too bad they don't offer different subscription levels to allow small fry like me to get a better peek at their thinking. Asi es la vida.... |
