Weekly Leading Index Edges Down

A gauge of future U.S. economic growth edged down in the latest week..., a report said on Friday.

The Economic Cycle Research Institute, an independent forecasting group in New York, said its weekly leading index slipped to 135.4 in the week ended Dec. 9 from a revised 135.5 in the prior week, previously estimated at 135.7.

The annualized growth rate of the index was 1.4 percent in the latest week, compared to a revised 1.6 percent in the prior week, previously reported at 1.8 percent.