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Weekly Leading Index Drops


A gauge of U.S. economic growth slipped in the latest week...

The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index fell to 136.0 in the week ended June 23 from a downwardly revised 136.7 in the prior week. It was originally pegged at 136.8.

"The weekly leading index growth has now dropped to a one-year low, thus the U.S. economic outlook continues to dim gradually," said Melinda Hubman, a research associate at ECRI.

The annualized growth rate of the index was 1.2 percent in the latest week, compared with 1.4 percent in the prior week.