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The Economic Cycle Research Institute, ECRI, is an independent institute specialized in economic cycle research. It maintains over 100 proprietary indexes for several economies including the Country Long Leading Index, the Country Coincident Index, the Long Leading Index, European Coincident Index, Austrian Long Leading Index, French Short Leading Index and the U.S. Weekly Leading Index.
The U.S. Weekly Leading Index (WLI) is an economic indicator that measures the U.S. economic growth and that try to predict the future stock market performance. Unlike many other leading indicators such as the monthly Index of Leading Economic Indicators (LEI), the WLI is updated frequently, once a week, every Friday.
According to the Economic Cycle Research Institute, the WLI has an average lead of 10 months at business cycle peaks and three months at business cycle troughs. This makes the WLI a good index at forecasting recessions.
AS of June 25, 2010, the Weekly leading index level is 122.2. It experienced negative growth for the last 4 weeks.
Historical data for this economic indicator are downloaded by this trading object, from 1967 to present. It gets the level data of the Weekly Leading Index once a week and associates it with the following ticker symbol: ^WEEKLY_LEADING_INDEX. The item requires Microsoft Excel.
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