US econ growth gauge rises to 4-week high- ECRI

NEW YORK, Nov 5 (BestGrowthStock) – A measure of future U.S.
economic growth rose to a 4-week high in the latest week, while
the index’s annualized growth rate held steady, 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 123.2 in the week ending Oct. 29 from 123.0 the
previous week.

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

The index’s annualized growth rate was minus 6.5 percent,
the same rate as a week earlier.

Last week’s growth rate marked a 19-week high, the highest
since June 11, when it was minus 6.1 percent.
(Reporting by Edith Honan; Editing by Chizu Nomiyama)

US econ growth gauge rises to 4-week high- ECRI