WLI Drops

A weekly measure of future U.S. economic growth fell to its lowest since late January, while its annualized growth rate also slowed to an 18-week low, 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 127.7 in the week ended June 3 from 128.2 the previous week, originally reported at 128.3. The latest figure is the lowest since the week of Jan 21.

The index's annualized growth rate slowed to 4.1 percent, its lowest since the Jan 28 week, from 4.9 percent a week earlier.