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Weekly Leading Index Rises


A gauge of future U.S. economic growth rose in the latest week, but still points to a recession, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index edged up to 133.5 in the week to May 2 from 131.8 in the prior week, revised from 131.9...

The index's annualized growth rate remained negative, but improved to minus 8.0 percent from minus 8.7 percent.

"While WLI growth has recovered to a 14-week high, it remains deep in negative territory, suggesting that the outlook is still recessionary," Hubman added.
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