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Weekly Leading Index Ticks Down

NEW YORK, Nov 2 (Reuters) - A gauge of future U.S. economic growth ticked down in the latest week... and its annualized growth rate declined to a year low, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index (WLI) slipped to 139.4 in the week ended Oct. 26 from 139.7 in the prior week.

WLI's growth rate fell to minus 0.7 percent from minus 0.5 percent, to reach its lowest level since Oct. 6, 2006, when it hit negative 0.8 percent according to ECRI data.

"With WLI growth somewhat subdued and hovering in a narrow band for the last two months, U.S. economic growth is set to slow in the coming months," Hubman said.