Economic growth gauge gained last week: ECRI

NEW YORK Fri May 10, 2013 10:31am EDT

NEW YORK (Reuters) - A measure of future economic growth edged up last week, while the annualized growth rate also improved, 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 131.0 in the week ended May 3 from 130.6 the previous week.

The index's annualized growth rate climbed to 7.3 percent from 7.1 percent a week earlier.

(Reporting by Leah Schnurr; Editing by Chizu Nomiyama)

Recommended Newsletters

Reuters U.S. Top News
A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day.
Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.
Reuters Technology Report
Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents.