it has moved down by -0.07 points (from 2.67 to 2.60 points) since last week and moved down by -0.01 points (from 2.61) over the past quarter
In summary, the most recent index readings is high, indicating robust expected growth happening right nowand pointing out to robust growth ahead
Weekly economic indexThe index provides a signal of the current state of the US economy based on several datapoints available at a daily or weekly frequency.
DetailsThe WEI is an index of ten indicators of real economic activity, scaled to align with the four-quarter GDP growth rate. It includes same-store retail sales average, the Rasmussen consumer index, initial and continuing jobless claims, the American Staffing Association (ASA) index federal withholding tax collection, weekly raw steel production, Electric utility output, fuel sales to end users, railroad traffic.
The WEI is updated every Thursday, reflecting data from the previous week and revising figures from the week prior.
Market implicationsHigher growth prospects are likely to bring higher company earnings in the future, and thus normally push equities up, same things equal.