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

NEW YORK, Sept 10 (BestGrowthStock) – A measure of future U.S.
economic growth rose to a four-week high in the latest week but
held at a level that suggests the recovery will remain
sluggish, 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 122.0 in the week ended September 3, up from 120.5 the
previous week, originally reported at 120.6.

That was the highest level since August 6, when it stood at
122.0.

The index’s annualized growth rate rose to minus 10.1
percent from minus 10.2 percent a week earlier, originally
reported at minus 10.1 percent. That was the highest since
August 20, when it stood at minus 9.9 percent.
(Reporting by Ciara Linnane; Editing by Padraic Cassidy )

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