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Weekly Leading Index Up

A gauge of future U.S. economic growth rose last week to a three-month high, a research group said on Friday.

The increase was... the research group said.

The Economic Cycle Research Institute, an independent forecasting group, said its Weekly Leading Index increased to 142.4 in the week ended April 27 from a revised 141.1 in the prior week.

Its annualized growth rate rose to 4.4 percent, a three-month high, from a revised 3.6 percent the prior week.

"With weekly leading index growth reviving to a three-month high, U.S. economic growth prospects are quite positive," said Lakshman Achuthan, managing director at ECRI.