U.S. growth gauge hits highest since May – ECRI

NEW YORK, Dec 17 (BestGrowthStock) – – A measure of future U.S.
economic growth rose to its highest level since May in the
latest week, 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 127.4 in the week ended Dec. 10 from 126.5 the previous
week, originally reported at 126.4.

That’s the highest since May 7, when it stood at 131.9.

The index’s annualized growth rate rose to minus 0.1
percent from minus 1.4 percent a week ago, originally reported
as minus 1.5 percent. That was the highest since May 28, when
it was positive 0.1 percent.

ECRI will release the index for the week ending Dec. 17 on
Dec. 23.
(Reporting by Ciara Linnane; Editing by James Dalgleish)

U.S. growth gauge hits highest since May – ECRI