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Weekly Leading Index Up


A measure of future U.S. economic growth rose to a 2-week high in the latest week, but held at a level that suggests the recovery will remain sluggish, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index rose to 122.5 in the week ended Sept. 24 from 122.2 the previous week.

That was the highest level since Sept. 10, when it was 122.6.

The index's annualized growth rate rose to minus 7.8 percent from minus 8.7 percent a week earlier. That was the highest since June 18, when it was minus 7.4 percent.
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