NY FED Weekly Economic Index (WEI) remains unchanged

17:52 30 April 2020
The WEI is currently -11.58 percent, scaled to four-quarter GDP growth, for the week ending April 25 and -10.86 percent for April 18; for reference, the WEI stood at 1.58 percent for the week ending February 29.
 
The WEI for the week of April 25 was essentially unchanged today as a sizeable decline in tax withholdings and small decrease in electricity usage (after adjusting for 2019 levels) were offset by a fall in initial unemployment insurance (UI) claims relative to recent weeks, a substantial rise in fuel sales, and a modest increase in rail traffic. The WEI for the week of April 18 was revised upward as this morning’s continuing UI claims release was better than expected.

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back

Join over 1.6 Million investors from around the world