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ECRI WLI Ticks Up


A measure of future U.S. economic growth rose last week, though the annualized growth rate fell to its slowest pace since the beginning of the 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 130.6 in the week ended June 21 from 130.3 the previous week. 

The index's annualized growth rate slipped to 5.8 percent from 6.1 percent a week earlier, which was originally reported as 6.2 percent. It was the lowest level since early January.