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WLI Growth at 14-Week High

A measure of future U.S.economic growth rose to a 14-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 122.6 in the week ended September 10, up from 122.0 the previous week.

That was the highest level since June 24, when it stood at 122.7.

The index's annualized growth rate rose to minus 9.2 percent from minus 10.1 percent a week earlier, and the highest since June 25, when it stood at minus 8.4 percent.

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