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Weekly Leading Index Edges Higher

NEW YORK, Nov 9 (Reuters) - A weekly gauge of future U.S. economic growth edged higher in the latest week... while its annualized growth rate declined to the lowest in more than a year, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index edged up to 140.1 in the week ended Nov. 2 from 139.4 in the prior week.

The growth rate fell to minus 0.9 percent from minus 0.7 percent, to reach its lowest level since Sept. 15, 2006, when it was negative 0.9 percent, according to ECRI data.

"With WLI growth slightly negative, and remaining in a narrow band for the past two months, U.S. economic growth is set to slow through the New Year," Achuthan said.