US econ growth gauge falls to 43-week low – ECRI

NEW YORK, June 4 (BestGrowthStock) – A measure of future U.S.
economic growth fell to a 43-week low in the latest week,
indicating that the pace of economic growth is about to slow, 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 124.1 for the week ended May 28, down from 125.6 in the
prior week.

The index’s annualized growth rate slid to a 50-week low of
0.4 percent from 5.1 percent a week ago.

Investment Research

(Reporting by Caryn Trokie and John Parry; Editing by Chizu
Nomiyama)

US econ growth gauge falls to 43-week low – ECRI