The ECRI’s Weekly Leading Index fell to a 3-week low at 120.6 down from 120.9 last week. The growth rate fell to -10.1% from 9.9% last week. This is the lowest level since the first week of August when the indicator hit -10.2%.
The ECRI also released their future inflation gauge this week. The index rose to 96.7 in August from 95.2 in July indicating little risk of deflation.