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Weekly Leading Index Unchanged

...The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index was flat at 136.9 in the week ended July 14.

The index's annualized growth rate edged up to 0.3 percent, compared with 0.2 percent in the prior week.

"Despite the latest uptick in the annualized growth rate, the weekly leading index's growth remains in a clear cyclical downtrend," said Melinda Hubman, a research associate at ECRI.

The downtrend points to dimming U.S. economic growth prospects, Hubman said.