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05 June 2021 New York Fed Weekly Economic Index (WEI): Index Again Declines

29 May 2021 New York Fed Weekly Economic Index (WEI): Index Modestly Declines

The New York Fed s Weekly Leading Index (WLI) declined this past week. This index s trend is improving 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.

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