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Weekly Leading Index Falls


A gauge of future U.S. economic growth fell in the latest week, while annualized growth hit a 30-week high, a report said on Friday.

The Economic Cycle Research Institute, an independent forecasting group, said its Weekly Leading Index fell to 139.7 in the week to Dec. 15 from a downwardly revised 140.7 in the prior week...

Annualized growth in the week ended Dec. 15 rose to 3.4 percent from 2.8 percent in the prior period.

"With WLI growth at a 30-week high, the U.S. economic growth outlook, while still restrained in the short term, is improving gradually," said Melinda Hubman, research associate at ECRI.



Occasionally the WLI level and growth rate can move in different directions, because the latter is derived from a four-week moving average, according to ECRI.