WLI Ticks Up

A measure of future U.S. economic growth increased in the week ended July 29, 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 128.3 that week from 127.6 the previous week.

The index's annualized growth rate edged up to 2.1 percent from 2.0 percent a week earlier.