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Weekly Leading Index Rises


A leading index of the U.S. economy rose in the latest week..., a report showed on Friday.

The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index (WLI) rose to to 133.0 in the week ended Dec. 3 compared with an upwardly revised 132.4 in the previous week.

The index's annualized growth rate, which smooths out weekly fluctuations, rose to 0.4 percent from 0,2 percent in the prior week.

"After declining for many months, the weekly leading index has leveled off pointing to more stable economic growth overall in the near term," said Lakshman Achuthan, managing director of ECRI.

"Still we are likely to see continued softness in the manufacturing sector," Achuthan added.