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WLI Rises

A measure of future U.S. economic growth edged up to its highest level in six months last week, while the annualized growth rate also saw improvement, 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 124.2 in the week ended Feb 24 from a downwardly revised 123.1 the previous week. 

That was the highest level since mid-August. The previous week's figure was originally reported as 123.2.

The index's annualized growth rate gained to minus 3.0 percent from minus 3.5 percent a week earlier. It was also at its highest level since August. 

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