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Weekly Leading Index Edges Up


A leading gauge of the U.S. economy rose in the latest week..., a report said on Friday.

The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index rose to 135.9 in the week ended Oct 14, compared with a downwardly-revised 134.9 the previous week.

The index's annualized growth rate reached a five week high of 2.1 percent, up from a downwardly-revised 1.5 percent. The index had originally pegged the growth rate at 1.7 percent.

"While the weekly leading index growth has eased from its August highs, it is still holding up suggesting that the hit to consumer spending from the energy shock is not about to derail the U.S. economic expansion," said Lakshman Achuthan, managing director at ECRI.