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WLI Slips

A measure of future U.S. economic growth fell to a 3-week low in the latest week, while the annualized growth rate was at its highest level since June, 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 122.4 in the week ended Oct. 8 from 123.7 the previous week.

That was the lowest since Sept. 17, when it stood at 122.1.

The index's annualized growth rate rose to minus 6.9 percent from minus 7.0 percent a week earlier. That was the highest since June 11, when it stood at minus 6.1 percent.

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