ECRI WLI Continues To Fall
By: The Fundamental Analyst | Oct 17, 2011 |
The latest reading of ECRI’s Weekly Leading Indicator fell to 120.2, lower than the trough of last summer which bottomed at 120.3.
The WLI growth rate now stands at -9.6% not an encouraging sign but better than the nadir of -10.9% reached last summer. However the difference between last summer and now is that last summer the ECRI were quite clearly calling for no double dip as their long leading indicators were pointing to an upturn in global industrial growth. ECRI has made no such statement this time around and has publicly stated that a new US recession is a done deal.