US econ growth gauge annual rate at 26-wk high-ECRI

NEW YORK, Dec 3 (BestGrowthStock) – A measure of future U.S.
economic growth fell to a two-week low in the latest week
although its annualized growth rate rose to a 26-week high, 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 125.4 in the week ended Nov. 26 from 126.0 the previous
week. That was the the lowest since Nov. 12, when it stood at
124.2.

The index’s annualized growth rate rose to minus 2.4
percent from minus 3.3 percent a week earlier. That was the
highest since May 28, when it stood at 0.1 percent.
(Reporting by Edith Honan; Editing by Chizu Nomiyama)

US econ growth gauge annual rate at 26-wk high-ECRI