ECRI WLI Growth Drops

A measure of future U.S. economic growth rose to a three-week high while the annualized growth rate slipped to the lowest level in over a year, 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 131.1 in the week ended Oct. 18, down from 130.3 the prior week. That figure was originally reported as 130.4.

The index's annualized growth rate was 2.0 percent, the lowest since August 2012, down from 2.7 percent the previous week. The prior week's rate was originally reported as 2.8 percent.

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