Weekly Economic Index
November 30, 2023: Update
- The WEI is currently 2.12 percent, scaled to four-quarter GDP growth, for the week ended November 25 and 1.83 percent for November 18; for reference, the WEI stood at 1.42 percent for the week ended February 29, 2020.
- The increase in the WEI for the week of November 25 (relative to the final estimate for the week of November 18) is due to rises in retail sales, consumer confidence, and electricity output, which more than offset falls in steel production, tax withholding, railroad traffic, and fuel sales and an increase in initial unemployment insurance claims. The WEI for the week of November 18 was revised downward despite an increase in the staffing index and a fall in continuing unemployment insurance claims.
NOTES: When federal holidays occur on a publishing date or change the release schedule for the underlying data, the report is delayed by 24 hours. Data are updated at Federal Reserve Bank of New York and Federal Reserve Bank of Dallas.
The WEI was developed by Daniel J. Lewis, an economist at the Federal Reserve Bank of New York; Karel Mertens, senior economic policy advisor at the Federal Reserve Bank of Dallas; and James H. Stock, professor of economics at Harvard University.