Our Composite Early-Cycle Indicator (ECI)

Anticipate Economic Changes



Report Date

May 2023

ECI Composite 12m

-2.24


Our benchmark 12-month Composite ECI indicator points to the US economy being in recession towards the end of the year. The 12-month composite ECI Expansion Index remained unaltered at -97% from the previous month’s value.


Next ECI report release date: 1-June-2023