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Weekly Leading Index Rises


A gauge of U.S. economic growth rose in the latest week..., a report said on Friday.

The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index was 136.5 in the week to Jan. 6, up from 135.6 the prior week.

The index's annualized growth rate edged up to 1.8 percent in the week, compared with 1.4 percent the week before.

"Weekly leading index growth remains in a tight range after some easing in the late summer and early fall off 2005. Thus, U.S. economic growth is set to moderate in the coming months, but will not plunge any time soon," said Lakshman Achuthan, managing director of ECRI.