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WLI Slips

A measure of future U.S. economic growth fell slightly in the latest week, 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 128.5 in the week ended May 20 from a revised 128.6 the previous week, originally reported at 128.7.

The index's annualized growth rate dropped to 5.0 percent from 5.3 percent a week earlier.

ADVISORY: After feedback from readers, Reuters has decided to continue writing reports on the ECRI weekly index.

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