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Weekly Leading Index Falls


NEW YORK, Dec 21, 1530 GMT (Dow Jones) ECRI's weekly leading index - a gauge of future economic activity - continues to see growth rate dip, with growth down 4.8% in the week ending Dec. 14 compared with a 3.9% decline in the prior week. The index stood at 136.2 from the prior week's 137.9.


The WLI moved down... ECRI said. "With Weekly Leading Index growth not far from its lowest reading since the 2001 recession, U.S. growth prospects have clearly darkened, but a recession is still not inevitable," said Lakshman Achuthan, managing director at ECRI.


The WLI (already) covers the first half of Dec vs Conference Board's Nov reading yesterday which showed its leading index down 0.4%.