US economic growth gauge rises in latest week--ECRI

NEW YORK, Nov 25 (Reuters) - A weekly measure of future
U.S. economic growth rose in the latest week, and while its
yearly growth rate continued to fall from October's record
highs to a 10-week low, a smooth recovery is still expected, 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 128.8 in the week ended Nov. 20 from 127.2 the previous
week, which was downwardly revised from the originally reported
127.4.

The index's yearly growth rate fell to a 10-week low of
24.1 percent from 25.0 percent, which was revised higher from
an original 24.9 percent.

ECRI's gauge of annualized growth has fallen off record
highs reached in early October, but the numbers are still
"strong and consistent with a steady economic recovery," said
Lakshman Achuthan, managing director at ECRI.

The weekly index rose due to increases among all of its
components, Achuthan said.

The growth rate is derived from a four-week moving average,
and occasionally moves inversely to the weekly index level.
(Reporting by Camille Drummond, Editing by Chizu Nomiyama)
((camille.drummond@thomsonreuters.com ; + 1 646-223-6323;
Reuters Messaging: camille.drummond.reuters.com@reuters.net))