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Weekly Leading Index Ticks Down


A measure of future U.S. economic growth ticked down in the latest week while its annualized growth rate edged higher as data continues to indicate a recession, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index fell to 132.2 in the week of March 7 from 132.5 in the prior week, revised down from 132.6.

The WLI fell..., said Melinda Hubman, research associate at ECRI.

The index's annualized growth rate ticked up to minus 10.4 percent from minus 10.5 percent.

"Though WLI growth has shown signs of stabilization in the last few weeks, it is still in recession territory," said Hubman.