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Economic growth gauge edged up last week: ECRI
NEW YORK |
NEW YORK (Reuters) - A measure of future economic growth edged higher last week, though the annualized growth rate faltered, 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 129.9 in the week ended March 8 from a revised 129.5 the previous week. That was originally reported as 129.3.
The index's annualized growth rate edged down to 6.3 percent from 6.4 percent a week earlier. It was the lowest level in eight weeks.
(Reporting by Leah Schnurr; Editing by Chizu Nomiyama)
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