Weekly Leading Index Slips

A gauge of U.S. economic growth edged down slightly in the latest week..., a report said on Friday...

The Economic Cycle Research Institute, an independent forecasting group in New York, said its weekly leading index slipped to 135.0 in the week ended Dec. 23 from 135.4 the prior week.

The annualized growth rate of the index slipped to 1.5 percent, compared with 1.7 percent in the prior week.

"With the weekly leading index in an easing trend, U.S. economic growth is set to moderate, but not slow sharply as we enter into 2006," said Lakshman Achuthan, managing director of ECRI.