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Weekly Leading Index Edges Up

A gauge of future U.S. economic growth rose slightly in the latest week, a research group said on Friday...

The Economic Cycle Research Institute, an independent forecasting group, said its Weekly Leading Index edged up to 140.4 in the week ended April 13 from 140.3 in the prior week.

Its annualized growth rate stayed steady at 3.6 percent.

"With WLI growth holding steady, comfortably above last summer's lows, the U.S. economy is set to show reasonably healthy growth in the coming months," said Melinda Hubman, research associate at ECRI.