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Weekly Leading Index Rises

A measure of future U.S. economic growth rose to a four-week high in the latest week.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index rose to 122.0 in the week ended September 3, up from 120.5 the previous week, originally reported at 120.6.

That was the highest level since August 6, when it stood at 122.0.

The index's annualized growth rate rose to minus 10.1 percent from minus 10.2 percent a week earlier, originally reported at minus 10.1 percent. That was the highest since August 20, when it stood at minus 9.9 percent.

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