REFILE-US econ growth gauge falls to 3-week low- ECRI

(Corrects date in dateline)

NEW YORK, Aug 20 (BestGrowthStock) – A measure of future U.S. economic growth fell
to a 3-week low in the latest week, confirming the slow pace of the recovery, a
research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent
forecasting group, said its Weekly Leading Index fell to 120.8 in the week
ending August 20 from 122 the previous week.

That was the lowest since July 23, when it was 120.7.

The index’s annualized growth rate rose to minus 10 percent from minus 10.2
percent a week earlier. That was the highest since July 9, when it stood at
minus 9.8 percent.

“With the WLI staying essentially flat for the last six weeks, following a
nine-week plunge, it is premature to predict a new recession, though risks
remain,” said Lakshman Achuthan, managing director of ECRI.
(Reporting by Edith Honan; Editing by Chizu Nomiyama)

REFILE-US econ growth gauge falls to 3-week low- ECRI