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Weekly Leading Index Slips


...The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index edged down to 137.0 in the week ended May 19, from 137.6.

The index's annualized growth rate also slipped to 3.2 percent in the latest week. The prior week's growth rate was 3.4 percent.

"Despite its latest dip, the weekly leading index growth remains consistent with fairly healthy U.S. economic growth in the near term," said Lakshman Achuthan, managing director at ECRI.