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Weekly Leading Index Falls


NEW YORK, Nov 16 (Reuters) - A weekly gauge of future U.S. economic growth fell... while its annualized growth rate slipped to its lowest in 60 weeks, a research group said on Friday.


The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index fell to 140.0 in the week ended Nov. 9 from an upwardly revised 140.3 in the prior week, initially reported as 140.1.


The growth rate fell to minus 0.9 percent from minus 0.7 percent, also revised up, from negative 0.9 percent. This marks a 60-week low for the growth rate, according to ECRI data.


"With WLI growth remaining in a downtrend, U.S. economic growth is set to slow in the months ahead," Achuthan said.