The New York Fed s Weekly Leading Index (WLI) marginally declined this past week. However, this index recovery 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.
The New York Fed s Weekly Leading Index (WLI) improved mostly due to the economic sharp deterioration which occurred one year ago. This index recovery 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.
10 April 2021 New York Fed Weekly Economic Index (WEI): Index Again Improved econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.
The New York Fed s Weekly Leading Index (WLI) improved mostly due to the economic sharp deterioration which occurred one year ago. This index recovery 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.
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.