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U.S. economic growth gauge weakened last week: ECRI
NEW YORK |
NEW YORK (Reuters) - A measure of future U.S. economic growth slipped last week, while the annualized growth rate improved modestly, a research group said on Friday.
The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index fell to 124.5 in the week ended May 11 from an unrevised 125.4 the previous week.
The index's annualized growth rate rose to 0.4 percent from zero percent a week earlier.
(Reporting By Leah Schnurr; Editing by Padraic Cassidy)
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