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Weekly Leading Index Slips

...The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index fell to 137.1 in the week ended April 14 from an upwardly revised 137.4 in the prior week. The prior week was originally pegged at 137.3.

The index's annualized growth rate rose to 3.0 percent in the latest week. The prior week's growth rate was downwardly revised to 2.7 percent from 2.8 percent.

"With the weekly leading index growth slightly above its longer term average, U.S. economic growth prospects continue to be reasonably positive," said Lakshman Achuthan, managing director at ECRI.