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WLI Slips


A measure of future U.S. economic growth fell in the latest week to its weakest level in three months, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index for the week to April 29 fell to 128.7, its lowest since the week of Jan. 21, from 129.2 the previous week. The previous week's number was originally reported at 129.3.

The index's annualized growth rate slowed to 6.7 percent from 7.5 percent a week earlier.

ADVISORY: Reuters plans to discontinue writing stories on the ECRI weekly index on a regular basis as of May 13 but will continue to report the data on the Reuters terminal's US economic data page.

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