US econ growth gauge unchanged in latest week-ECRI

NEW YORK, July 16 (BestGrowthStock) – – A measure of future U.S.
economic growth was unchanged in the latest week, a research
group said on Friday.

The Economic Cycle Research Institute, a New York-based
independent forecasting group, said its Weekly Leading Index
stood at 120.6 for the week ended July 9, unchanged from the
previous week, which was originally reported as 121.5.

The index was last below 120.6 in the week of July 24,
2009, when it measured 120.3, according to ECRI.

The index’s annualized growth rate fell to minus 9.8
percent from minus 9.1 percent the previous week, originally
reported as minus 8.3 percent.
(Reporting by Ciara Linnane; Editing by Padraic Cassidy)

US econ growth gauge unchanged in latest week-ECRI