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ECRI WLI Drops


A measure of future U.S. economic growth fell to its lowest level since early July while the annualized growth rate also slipped, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index stood at 130.4 in the week ended Oct. 4, down from 132.1 the prior week.

The index's annualized growth rate was 3.8 percent, the lowest since November, down from 4.7 percent the previous week. The prior week's rate was originally reported as 4.8 percent.