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:
- Redbook Research: Same Store, Retail Sales Average, Y/Y % Change
- Rasmussen Consumer Index
- Unemployment Insurance: Initial Claims
- Insured Unemployment (Continued Claims)
- American Staffing Association Staffing Index
- Federal Withholding Tax Collections
- Raw Steel Production
- US Fuel Sales to End Users
- U.S Railroad Traffic
- Electric Utility Output
For reference, please see:
- White Paper - U.S. Economic Activity During the Early Weeks of the SARS-Cov-2 Outbreak (Daniel Lewis, Karel Mertens, James H. Stock, April 2020)
- Other - Jim Stock's Blog