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WLI Ticks Up, but Growth Weakens

A measure of future U.S. economic growth ticked higher in the latest week, but the annualized growth rate fell to its lowest level in nearly a year, 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 123.0 in the week ended Sept 2 from 122.4 the previous week. That was originally reported as 122.5.

It was a three-week high for the leading index. But the index's annualized growth rate tumbled to its lowest level since late October 2010, falling to minus 6.2 percent from minus 4.4 percent a week earlier.

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