Contact Us

News

 

Weekly Leading Index Rises


...The Economic Cycle Research Institute said its weekly leading index rose to 138.5 from a downwardly revised 137.0 in the week to April 28, originally pegged at 137.1.

The annualized growth rate of the independent forecasting group's index slipped (this should read "rose" rather than "slipped." ed.) to 3.1 percent in the latest week from 2.9 percent in the prior week.

"Weekly leading index growth remains quite stable, indicating that U.S. economic growth will stay fairly healthy for now," said Lakshman Achuthan, managing director at ECRI.