ECRI WLI Slips
A measure of future U.S. economic growth slipped last week, though the annualized growth rate rose to its highest level in more than 2-1/2 years, a research group said on Friday.
The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index edged down to 129.7 in the week ended Jan 25 from 130.7 the previous week. That was originally reported as 130.6.
The index's annualized growth rate gained to 8.3 percent from 7.2 percent a week earlier. It was the highest level since May 2010. The growth rate has improved for the past four weeks in a row.