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Weekly Leading Index Falls


A leading index of the U.S. economy fell in the latest week..., a report showed on Thursday.

The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index (WLI) fell to to 133.0 in the week ended Dec. 17 compared with an 133.6 in the previous week.

The index's annualized growth rate, which smoothes out weekly fluctuations, rose to 0.9 percent from 0.8 percent in the prior week.

"Even with eight weeks of higher growth in the weekly leading index, it's premature to predict an upswing in economic growth, but it is very clear that 2005 will show a sustained expansion," said Lakshman Achuthan, managing director of ECRI.