Weekly Leading Index Rises

A weekly measure of U.S. economic activity rose last week, but a measure of the overall trend suggested growth has slowed considerably in recent months.

The Economic Cycle Research Institute, an independent forecasting group, said on Friday its weekly leading index (WLI) climbed to 132.6 in the week ended Sept. 3 compared with 131.1 in the previous week...

The index's annualized growth rate, which smooths out weekly fluctuations, improved to 0.0 percent from -0.3 percent. But its longer-term decline still points to weaker economic growth.

"With the growth rate of the WLI in a sustained downtrend, prospects for U.S. economic growth remain lackluster," said Lakshman Achuthan, managing director at ECRI.