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Weekly Leading Index Edges Up


A gauge of future U.S. economic growth edged up in the latest week and its annualized growth rate was unchanged, remaining in recessionary territory, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index rose to 132.5 in the week ended June 6 from 132.4 in the previous period...

The index's annualized growth rate held at negative 6.2 percent.

"With WLI growth solidly negative, the U.S. economic outlook remains recessionary," Achuthan said.

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