Economic growth gauge strengthens in latest week: ECRI
NEW YORK (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)