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WLI Near All-Time High


A measure of future U.S. economic growth rose to its highest level in 10 weeks, while its yearly growth gauge also increased, 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 10-week of 131.9 for the week ended March 26, up from a revised 131.4 the week earlier.

The index's annualized growth rate rose to a five-week high of 13.9 percent from 13.8 percent in the prior week.

"With the WLI holding near January's all-time high, the ongoing U.S. economic revival will prove resilient in the months ahead," said Lakshman Achuthan, managing director of ECRI.
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