US econ growth gauge rises to 27-week high – ECRI

NEW YORK, Nov 24 (BestGrowthStock) – A measure of future U.S.
economic growth rose to a 27-week high in the latest week,
while the growth rate rose to a 25-week high, a research group
said on Wednesday.

The Economic Cycle Research Institute, a New York-based
independent forecasting group, said its Weekly Leading Index
rose to 126.4 in the week ended Nov. 19 from 124.2 the previous
week.

That was the highest level since May 14, when it stood at
127.0.

The index’s annualized growth rate rose to minus 3.1
percent from minus 4.5 percent a week earlier. That was the
highest since 28, when it stood at 0.1 percent.

(Reporting by Edith Honan; Editing by Chizu Nomiyama)

US econ growth gauge rises to 27-week high – ECRI