Friday, July 16, 2010

Double Dip Alert: Another Drop in the ECRI Index

The Economic Cycle Research Institute said its Weekly Leading Index fell to 120.6 for the week ended July 2, down from 121.5 in the prior week. The index's annualized growth rate fell to -9.8 percent after a -8.3 percent growth rate a week earlier.

Consumer Metrics Institute is the best data out there. ECRI is second best.But data from both groups is really plunging right now.

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