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Weekly Leading Index Dips


A gauge of future U.S. economic growth dipped in the latest week... while its annualized rate of growth also fell, a research group said on Friday.

The Economic Cycle Research Institute, an independent forecasting group, said its Weekly Leading Index fell to 138.9 in the week ending Feb. 9 from an upwardly revised 140.2 in the prior week.

Annualized growth rate fell to 3.5 percent from 4.3 percent in the previous period, also revised up.

"Though WLI growth has eased for two weeks it remains well above last August's low, indicating a positive U.S. growth outlook," said Lakshman Achuthan, managing director at ECRI.

"With the industrial slowdown continuing, it may be that near-term we will have a Goldilocks economy with a soft spot."

The fall in the index was partly offset... Achuthan said