ECRI said its Weekly Leading Index fell to 120.6 in the week ending August 27 from 120.9 the previous week.
That is the lowest reading since July 16, when it stood at 120.4. The index's annualized growth rate fell to minus 10.1 percent from minus 9.9 percent a week earlier. That is the lowest since August 6, when it was minus 10.2.
A reading below 10 percent is a clear recession indicator.
The data out of ECRI is the best macro data following the Rick Davis data out of Consumer Metrics Institute, both tend to be way ahead of U.S. government agency data.
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