The Weekly Economic Index (WEI) of the United States fluctuated significantly between January 2021 and April 2023. During the observed period, WEI was the lowest at -1.28 percent in in the third week of February, and peaked at 10.68 percent in the first week of May 2021. Between May 2021 and July 2023, the WEI decreased gradually, with slight occasional increases. What is the Weekly Economic Index?
The Weekly Economic Index (WEI) is an index of real economic activity using high-frequency data, used to signal the state of the U.S. economy. It is an index of 10 daily and weekly indicators, scaled to align with the four-quarter GDP growth rate. The indicators reflected in the WEI cover consumer behavior, the labor market, and production.
Weekly Economic Index (WEI) in the United States from January 2021 to July 2023
(compared to previous year)
Characteristic
Weekly Economic Index (YOY)
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New York Fed. (July 26, 2023). Weekly Economic Index (WEI) in the United States from January 2021 to July 2023 (compared to previous year) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1332099/us-weekly-economic-index/
New York Fed. "Weekly Economic Index (WEI) in the United States from January 2021 to July 2023 (compared to previous year)." Chart. July 26, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1332099/us-weekly-economic-index/
New York Fed. (2023). Weekly Economic Index (WEI) in the United States from January 2021 to July 2023 (compared to previous year). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1332099/us-weekly-economic-index/
New York Fed. "Weekly Economic Index (Wei) in The United States from January 2021 to July 2023 (Compared to Previous Year)." Statista, Statista Inc., 26 Jul 2023, https://www.statista.com/statistics/1332099/us-weekly-economic-index/
New York Fed, Weekly Economic Index (WEI) in the United States from January 2021 to July 2023 (compared to previous year) Statista, https://www.statista.com/statistics/1332099/us-weekly-economic-index/ (last visited July 22, 2024)
Weekly Economic Index (WEI) in the United States from January 2021 to July 2023 (compared to previous year) [Graph], New York Fed, July 26, 2023. [Online]. Available: https://www.statista.com/statistics/1332099/us-weekly-economic-index/