ECRI WLI Growth Slips

A measure of future U.S. economic growth edged up last week but the annualized growth rate slowed to its lowest in 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 rose to 130.4 in the week ended Oct. 11 from a revised 130.3 the previous week. That was originally reported as 130.4.

The index's annualized growth rate fell to 2.8 percent, its lowest since September 2012, from 3.6 percent a week earlier, a figure originally reported as 3.8 percent.

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