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 July 14, 2017 titled “ECRI Weekly Leading Index…” These charts are on a weekly basis through the July 14, 2017 release, indicating data through July 7, 2017.
Here is the ECRI WLI (defined at ECRI’s glossary):
![ECRI WLI](https://www.economicgreenfield.com/wp-content/uploads/2017/07/Dshort-7-14-17-ECRI-WLI-143.9-e1500075801777.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/2017/07/Dshort-7-14-17-ECRI-YoY-Four-Week-Moving-Average-5.15-percent-e1500075869254.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/2017/07/Dshort-7-14-17-ECRI-WLIGr.-2.4-e1500075931629.png)
_________
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 2459.27 as this post is written
![ECRI WLI](https://www.economicgreenfield.com/wp-content/uploads/2017/07/Dshort-7-14-17-ECRI-WLI-143.9-e1500075801777.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/2017/07/Dshort-7-14-17-ECRI-YoY-Four-Week-Moving-Average-5.15-percent-e1500075869254.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/2017/07/Dshort-7-14-17-ECRI-WLIGr.-2.4-e1500075931629.png)
_________
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 2459.27 as this post is written
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