US econ growth gauge shows easing pace of recovery-ECRI

NEW YORK, April 16 (BestGrowthStock) – A measure of future U.S.
economic growth fell in the latest week along with its yearly
growth rate, suggesting an easing in the pace of recovery in
the coming months, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based
independent forecasting group, said its Weekly Leading Index
slipped to 131.2 for the week ended April 9, from 131.8 the
prior week, which was originally reported as 131.9.

The index’s annualized growth rate fell to 12.6 percent
from 13.4 percent, originally reported as 13.6 percent.

“With WLI growth easing to a 36-week low, the pace of U.S.
economic growth will begin to throttle back in the next few
months,” said Lakshman Achuthan, managing director of ECRI.

However, “a double dip recession remains out of the
question,” he said.

The weekly index reading is the lowest since March 12, when
the index stood at 131.0. The annualized growth rate is the
lowest level since July 31, 2009, when it stood at 11.2

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(Reporting by Ciara Linnane; Editing by Theodore d’Afflisio)

US econ growth gauge shows easing pace of recovery-ECRI