NY FED Weekly Economic Index (WEI): Further declines

The Weekly Economic Index (WEI) provides a signal of the state of the U.S. economy based on data available at a daily or weekly frequency. It represents the common component of ten different daily and weekly series covering consumer behavior, the labor market, and production.

The WEI is currently -11.84 percent, scaled to four-quarter GDP growth, for the week ending May 2 and -10.90 percent for April 25; for reference, the WEI stood at 1.58 percent for the week ending February 29.

Today’s decline in the WEI for the week of May 2 is driven by decreases in steel production and retail sales, as well as a small drop in consumer confidence. The upward revision of the WEI for the week of April 25 is a result of the decline in this morning’s staffing index release being less negative than previously available data.

29 July 2026, 07:02

Morning Wrap: Asia dips on SK Hynix earnings and Iranian attacks! Dollar stalls before Fed (29.07.2026)

28 July 2026, 19:04

Daily Summary: Markets limit the pullback while awaiting the Fed

28 July 2026, 15:09

The semiconductors sell-off continues 📉

28 July 2026, 14:46

US OPEN: Deeper sell-off and a SaaS rebound

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