The ECRI’s Weekly Leading Index continues to show robust signs of recovery. The latest reading fell to 131.9 from last week’s reading of 132. The index’s annualized growth rate fell to 13.6% from last week’s reading of 13.9%.
Lakshman Achuthan, managing director at ECRI says the recovery remains well intact though growth is likely to ease in the coming months:
“After a 20 week decline, WLI growth has been holding pretty steady for the last six weeks, suggesting that, while U.S. economic growth will ease in coming months, the recovery remains resilient.”