Weekly Leading Index Rises

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

The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index rose to 132.3 in the week ended Nov. 5 from 132.0 the previous week.

The index's annualized growth rate, which smooths out weekly fluctuations, rose to -1.0 percent from -1.4 percent in the prior week.

"The continued softness in the weekly leading index suggests that the mild euphoria resulting from the (recent) healthy (U.S.) jobs and retail sales reports may be ephemeral," said Lakshman Achuthan, managing director of ECRI.