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ECRI WLI Growth Ticks Down

A measure of future U.S. economic growth rose to the highest level since early May last week, though the annualized growth rate edged lower, 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 130.9 in the week ended May 31 from 130.7 the previous week. 

The index's annualized growth rate slipped to 6.3 percent from 6.5 percent a week earlier.

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