Economic growth gauge strengthens in latest week: ECRI
March 12th, 2013 by admin

NEW YORK | Fri Mar 8, 2013 10:38am EST

(Reuters) – A measure of future economic growth rose in the latest week although the annualized growth rate weakened, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index increased to 129.3 in the week ended March 1 from a revised 128.4 the previous week. That figure was originally reported as 128.5.

The index’s annualized growth rate softened to 6.2 percent from 6.8 percent a week earlier.

(Americas Economics and Markets Desk)