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WEI (Weekly Economic Index)

The Weekly Economic Index (WEI) is an index of 10 weekly indicators of real economic activity, scaled to have the units of four-quarter percent change of real GDP, originally developed by Daniel Lewis, Karel Mertens, James H. Stock. Details are provided below:

 

 

The 10 weekly indicators include: 

  1. Redbook Research: Same Store, Retail Sales Average, Y/Y % Change
  2. Rasmussen Consumer Index
  3. Unemployment Insurance: Initial Claims
  4. Insured Unemployment (Continued Claims)
  5. American Staffing Association Staffing Index
  6. Federal Withholding Tax Collections
  7. Raw Steel Production
  8. US Fuel Sales to End Users
  9. U.S Railroad Traffic
  10. Electric Utility Output

 

For reference, please see:

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