Weekly Leading Index Edges Down

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

The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index fell to 138.0 in the week ended Feb. 3 from 138.2 in the prior week.

The annualized growth rate of the index rose to 4.9 percent in the latest week, compared with 4.6 percent the prior week.

"The growth rate has now climbed to another 20-month high suggesting that U.S. economic growth prospects are reasonably healthy for now," said Lakshman Achuthan, managing director of ECRI.