ECRI Weekly Leading Index - Investment & Finance Definition
An index, released each Friday by the Economic Cycle Research Institute, that identifies turning points in the economic cycle that are indicated by pronounced changes in the index. The index contains money supply data, stock prices, an industrial markets price index developed by the organization, mortgage applications, bond quality spread, bond yields, and initial jobless claims. An advantage of the index is that it is very timely. However, it is relatively new and its predictive ability is relatively untested.