Daily News

View All News

Leading index hits record low

November 07 2008

The growth rate for the Economic Cycle Research Institute's weekly leading index (WLI) measuring the U.S. economy contracted 24.6% in the week ended Oct. 31. The index level was at 110.9. "With WLI growth diving to a new record low over its six-decade history, prospects for U.S. economic growth are worsening swiftly," said Lakshman Achuthan, managing director of the institute.

The growth rate is derived from a four-week moving average of the level and compared against the previous year's average.


Add New Comment

Post comment

NOTE: Links will not be clickable.
Security text:*