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Weekly Leading Index Slips


A weekly gauge of future U.S. economic growth slipped in the latest period in response to..., a report showed on Friday. Its annualized growth rate also edged down.

The Economic Cycle Research Institute, an independent forecasting group, said its Weekly Leading Index fell to 135.6 in the week ended Oct. 6 from 136.4 in the prior week.

"With WLI growth stuck in the doldrums, U.S. economic growth is likely to continue easing for the foreseeable future," said Lakshman Achuthan, a managing director at ECRI.

The index level declined due to slower housing activity, higher jobless claims and lower commodity prices, marginally offset by higher stock prices, Achuthan said.