US econ growth gauge rises to a 32-week high- ECRI

NEW YORK, Dec 23 (BestGrowthStock) – A measure of future U.S.
economic growth rose to a 32-week high in the latest week,
while its annualized growth rate rose to a 30-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 128.0 in the week ending Dec. 10 from a revised 127.3
the previous week. The previous week was originally reported at
127.4.

That was the highest since May 7, when it stood at 131.9.

The index’s annualized growth rate rose to 0.8 percent from
minus 0.1 percent a week earlier. That was the highest since
May 21, 2010, when it was 4.9 percent.
(Reporting by Edith Honan; Editing by Padraic Cassidy)

US econ growth gauge rises to a 32-week high- ECRI