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Weekly Leading Index Edges Up


A weekly gauge of future U.S. economic growth edged up in the latest period, a report showed on Friday, with its annualized growth rate also up.

The Economic Cycle Research Institute, an independent forecasting group, said its Weekly Leading Index rose to 136.4 in the week ended Sept. 29 from a nine-month low 135.1 in the prior week.

"While WLI growth has stabilized since the summer, it is still near its lows in spite of the rally in stock prices, suggesting that U.S. economic growth will continue to ease for the time being," said Lakshman Achuthan, a managing director at ECRI.

Annualized growth in the week ended Sept. 29 rose to minus 0.6 percent from minus 0.9 percent in the prior period.