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Weekly Leading Index Flat

A gauge of future U.S. economic growth was flat in the latest week, with its growth rate slipping but still near a three-year high, a research group said on Friday.

The Economic Cycle Research Institute, an independent forecasting group, said its Weekly Leading Index (WLI) held at 142.4 in the week ended May 25 from the prior week...

The annualized growth rate in the weekly index edged down to 6.3 percent from 6.4 percent the previous week.

"With WLI growth holding near a three-year high, the U.S. economic growth outlook remains positive," said Lakshman Achuthan, managing director at the institute.