Weekly Leading Index Edges Up
An index of the U.S. economy edged up in the latest week... a report showed on Friday.
The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index (WLI) rose to 135.7 in the week to May 7 from a downwardly revised 135.5 in the preceding week.
The index's annualized growth rate, a four-week moving average that smooths out weekly fluctuations, increased to 8.9 percent from 8.7 percent in the previous period.
The latest figure was the fifth straight week of single-digit growth, suggesting, while the economy still appears healthy, the expansion could moderate.
"This is a shift from an acceleration phase in the U.S. economic recovery to a deceleration phase," Anirvan Banerji, ECRI's director of research, told Reuters.
The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index (WLI) rose to 135.7 in the week to May 7 from a downwardly revised 135.5 in the preceding week.
The index's annualized growth rate, a four-week moving average that smooths out weekly fluctuations, increased to 8.9 percent from 8.7 percent in the previous period.
The latest figure was the fifth straight week of single-digit growth, suggesting, while the economy still appears healthy, the expansion could moderate.
"This is a shift from an acceleration phase in the U.S. economic recovery to a deceleration phase," Anirvan Banerji, ECRI's director of research, told Reuters.