News

 

WLI Rises to 33-week High

NEW YORK - A measure of future U.S. economic growth, as well as the index's annualized growth rate, rose to its highest level since May, 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 128.8 in the week ended Dec. 24 from 128.0 the previous week.

That was the highest level since May 7, when it was 131.9.

The index's annualized growth rate rose to 2.2 percent from 0.8 percent a week earlier. That was the highest since May 21, when it was 4.9 percent.

VIEW THIS ARTICLE ON REUTERS