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WLI Unchanged, Growth Rate Drops


A measure of future U.S. economic growth was unchanged 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 stood at 120.7 in the week ended July 16, unchanged from the week earlier, which was originally reported as 120.6.

The index's annualized growth rate fell to minus 10.5 percent from minus 9.8 percent a week ago, its lowest level since May 15, 2009, when it stood at minus 11.1 percent.
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