For a variety of reasons, I am not as enamored with ECRI’s WLI and WLI Growth measures as many are.
However, I do think the measures are important and deserve close monitoring and scrutiny.Below are three long-term charts, from Doug Short’s ECRI update post of June 9, 2017 titled “ECRI Weekly Leading Index…” These charts are on a weekly basis through the June 9, 2017 release, indicating data through June 2, 2017.
Here is the ECRI WLI (defined at ECRI’s glossary):
![ECRI WLI](https://www.economicgreenfield.com/wp-content/uploads/2017/06/Dshort-6-9-17-ECRI-WLI-144.5-e1497021370178.png)
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This next chart depicts, on a long-term basis, the Year-over-Year change in the 4-week moving average of the WLI:
![](https://www.economicgreenfield.com/wp-content/uploads/2017/06/Dshort-6-9-17-ECRI-WLI-YoY-of-the-4-Week-Moving-Average-e1497021414911.png)
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This last chart depicts, on a long-term basis, the WLI, Gr.:
![ECRI WLI,Gr.](https://www.economicgreenfield.com/wp-content/uploads/2017/06/Dshort-6-9-17-ECRI-WLIGr.-4.2-e1497021476474.png)
![ECRI WLI](https://www.economicgreenfield.com/wp-content/uploads/2017/06/Dshort-6-9-17-ECRI-WLI-144.5-e1497021370178.png)
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This next chart depicts, on a long-term basis, the Year-over-Year change in the 4-week moving average of the WLI:
![](https://www.economicgreenfield.com/wp-content/uploads/2017/06/Dshort-6-9-17-ECRI-WLI-YoY-of-the-4-Week-Moving-Average-e1497021414911.png)
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This last chart depicts, on a long-term basis, the WLI, Gr.:
![ECRI WLI,Gr.](https://www.economicgreenfield.com/wp-content/uploads/2017/06/Dshort-6-9-17-ECRI-WLIGr.-4.2-e1497021476474.png)
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I post various economic indicators and indices because I believe they should be carefully monitored. However, as those familiar with this site are aware, I do not necessarily agree with what they depict or imply.
_____
The Special Note summarizes my overall thoughts about our economic situation
SPX at 2445.64 as this post is written
I post various economic indicators and indices because I believe they should be carefully monitored. However, as those familiar with this site are aware, I do not necessarily agree with what they depict or imply.
_____
The Special Note summarizes my overall thoughts about our economic situation
SPX at 2445.64 as this post is written
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