ECRI Weekly Leading Index Down 10.0%

August 20th, 2010 by Belisarius

(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

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