ECRI Weekly Leading Index Down 10.0%
(Week Ending August 13, 2010)
ECRI Weekly Leading Index for week ending August 13 was reported down 10.0%. Prior reading was revised from -9.8% to -10.2%.
Contrary to Conference Board LEI, ECRI Weakly Leading Index is pointing to a recession.
Chart 1. ECRI Weekly Leading Index
Source: Bloomberg
