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WLI Level at Nine-Week High


A measure of future U.S. economic growth rose to its highest level in nine weeks, while its yearly growth gauge also pushed higher, indicating the recovery remains on track, 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 a nine-week of 131.5 for the week ended March 19, up from 130.9 the week earlier.

The index's annualized growth rate component rose to a four-week high of 13.8 percent from 13.3 percent, revised upward from an originally reported 13.1 percent.

"With the WLI close to an all-time high, a double dip remains out of the question," said Lakshman Achuthan, managing director of ECRI.
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