US econ growth gauge rises to 3-week high- ECRI

NEW YORK, Oct 29 (BestGrowthStock) – A measure of future U.S.
economic growth rose to a 3-week high in the latest week, while
the index’s annualized growth rate rose to a 19-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
rose to 123.1 in the week ended October 22 from 122.0 the
previous week.

That was the highest level since October 1, when it
stood at 123.7.

The index’s annualized growth rate rose to minus 6.5
percent from minus 6.9 percent a week earlier. That was the
highest since June 11, when it stood at minus 6.1 percent.
(Reporting by Edith Honan; Editing by Chizu Nomiyama)

US econ growth gauge rises to 3-week high- ECRI