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Weekly Leading Index Rises


A leading index of the U.S. economy rose in the latest week..., a report showed on Friday.

The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index (WLI) rose to 132.0 in the week ended Oct. 29 compared with 130.4 in the previous week.

The index's annualized growth rate, which smooths out weekly fluctuations, narrowed to -1.4 percent from -1.5 in the prior week.

"Despite today's strong job report the index is telling us there remains no clear signs of a reacceleration to strong growth like we saw at the beginning of the year," said Lakshman Achuthan, managing director of ECRI.