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Weekly Leading Index Falls


A gauge of the U.S. economy suggested growth was likely to ease further in coming months, a report said on Friday.

The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index fell to 136.8 in the week ended June 16 from a downwardly revised 137.4 in the prior week. It was originally pegged at 137.5.

"It suggests that U.S. growth prospects have dulled a little further," said Anirvan Banerji, director of research at ECRI.

The index's annualized growth rate edged down to 1.4 percent in the latest week from 1.5 percent in the prior week.

The growth rate is at a 30-week low, Banerji said.