WLI Rises

A measure of future U.S. economic growth rose last week to its highest level in nearly a year, a research group said on Friday{sic}.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index rose to 131.6 in the week ended April 15 from 130.5 the week before. That was the highest level since the week of May 7 when it stood at 132.0.

The index's annualized growth rate rose to 7.7 percent from 6.7 percent a week earlier, its highest since May 14.