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Weekly Leading Index Slightly Lower


A gauge of future U.S. economic growth was slightly lower in the latest week... while its annualized rate of growth also fell, a research group said on Friday.

The Economic Cycle Research Institute, an independent forecasting group, said its Weekly Leading Index slipped to 140.0 in the week ending Feb. 2 from 140.1 in the prior week, revised down.

Annualized growth rate fell to 4.0 percent from 4.7 percent in the previous period.

"Despite its latest downtick WLI growth remains in a cyclical uptrend, suggesting that U.S. economic growth prospects are fairly positive," said Melinda Hubman, research associate at ECRI.