Written by Steven HansenThe New York Fed s Weekly Leading Index (WLI) continues to show an economy that is just above the worst seen during the Great Recession. This index recovery stalled based on the 13-week rolling average.
The New York Fed s Weekly Leading Index (WLI) continues to show an economy that is just above the worst seen during the Great Recession. This index recovery stalled based on the 13-week rolling average.
Analyst Opinion of the Weekly Leading Index
This data set should be considered a high-frequency coincident indicator on a par with the Aruoba-Diebold-Scotti Business Conditions Index produced by the Philly Fed - and both show conditions caused by the coronavirus pandemic are already worse than the Great Recession. However, the Aruoba-Diebold-Scotti Business Conditions Index is improving whilst the WLI is still declining. Logic would say with the partial reopening of the economy - the Aruoba-Diebold-Scotti Business Conditions Index seems to be correct.
The New York Fed s Weekly Leading Index (WLI) continues to show an economy that is just above the worst seen during the Great Recession. This index recovery has stalled based on the 13 week rolling average.
Analyst Opinion of the Weekly Leading Index
This data set should be considered a high-frequency coincident indicator on a par with the Aruoba-Diebold-Scotti Business Conditions Index produced by the Philly Fed - and both show conditions caused by the coronavirus pandemic are already worse than the Great Recession. However, the Aruoba-Diebold-Scotti Business Conditions Index is improving whilst the WLI is still declining. Logic would say with the partial reopening of the economy - the Aruoba-Diebold-Scotti Business Conditions Index seems to be correct.
Written by Steven HansenThe New York Fed s Weekly Leading Index (WLI) continues to show an economy that is just above the worst seen during the Great Recession. This index recovery has stalled based on the 13 week rolling average.
The New York Fed s Weekly Leading Index (WLI) continues to show an economy that is just above the worst seen during the Great Recession. This index recovery has stalled based on the 13 week rolling average.
Analyst Opinion of the Weekly Leading Index
This data set should be considered a high-frequency coincident indicator on a par with the Aruoba-Diebold-Scotti Business Conditions Index produced by the Philly Fed - and both show conditions caused by the coronavirus pandemic are already worse than the Great Recession. However, the Aruoba-Diebold-Scotti Business Conditions Index is improving whilst the WLI is still declining. Logic would say with the partial reopening of the economy - the Aruoba-Diebold-Scotti Business Conditions Index seems to be correct.