All ECRI Input Signals Deteriorating; Clear Indication of Double Dip

All components of the ECRI leading index are trending lower, again. And last week's ECRI was revised lower to -10.2%. This weeks came in at -10.0%.

Following the Consumer Metrics Institute data, this is the best data tracking the economy. A read at or below -10.0% is indicative of a recession. Business decision makers should conduct activities as though the double dip is here.