WLI Ticks Down

A measure of future U.S. economic growth weakened in the latest week to its lowest in four months, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index edged down to 128.3 in the week ended May 27 from a revised 128.4 the previous week, which was originally reported at 128.5. This brought the index to its lowest since the week of Jan. 21.

The index's annualized growth rate slid to its weakest since the week of Feb. 11, slowing to 4.9 percent from 5.0 percent a week earlier.