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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.

The Economic Cycle Research Institute, an independent forecasting group, said its Weekly Leading Index rose to 136.5 in the week ended Oct. 13 from an upwardly revised 135.7 in the prior week.

"With WLI growth remaining close to its recent lows, U.S. economic growth is likely to stay lackluster for now," said Melinda Hubman, a research associate at ECRI.

Annualized growth rate in the week ended Oct. 13 rose to minus 0.5 percent from an upwardly revised minus 0.8 percent in the prior period.