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Weekly Leading Index Rises

...The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index rose to 136.8 in the week ended June 30 from a downwardly revised 135.9 the week before. It was originally pegged at 136.0.

"Weekly leading index growth has declined steadily in recent weeks and is now at a new one-year low, thus U.S. economic growth prospects continue to fade," said Lakshman Achuthan, managing director at ECRI.

The index's annualized growth rate fell to 0.9. percent in the latest week compared with 1.2 percent the prior week.