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Weekly Leading Index Ticks Down


... A leading index of the U.S. economy... slip[ped] in the latest week..., a report showed on Friday.

The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index slipped a tick to 135.4 in the week to Aug. 19 from a downwardly revised 135.5 in the prior week.

The index's annualized growth rate rose to a 20-week high of 3.2 percent. The rate for the prior week was revised up to 3.0 percent from 2.7 percent.
"With the weekly leading index growth climbing steadily, it is clear that the U.S. economic expansion remains resilient," said Lakshman Achuthan, managing director at ECRI.