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Weekly Leading Index Falls

NEW YORK, Nov 21 (Reuters) - A weekly gauge of future U.S. economic growth fell... while its annualized growth rate slipped to its lowest in 63 weeks, a research group said on Wednesday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index fell to 139.2 in the week ended Nov. 16 from a downwardly revised 139.9 in the prior week, initially reported as 140.0.

The growth rate fell to minus 1.2 percent from minus 0.9 percent. This marks a 63-week low for the growth rate.

"With WLI growth easing further, U.S. economic growth prospects are worsening slowly but steadily," Achuthan said.