WLI Slips

A measure of future U.S. economic growth slipped in the latest week, although its annualized growth rate edged up slightly, 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 130.6 in the week ended April 8 from 131.1 the prior week. The previous week's figure was revised down slightly from an initially reported 131.2

For the same week, the index's annualized growth rate rose to 6.8 percent from 6.7 percent a week earlier.