U.S. economic growth gauge slips in latest week: ECRI
NEW YORK (Reuters) - A measure of future U.S. economic growth slipped to a three-week low last week while the annualized growth rate also eased, 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 131.2 in the week ended August 9 from a revised 131.5. The previous week's result was originally reported as 131.8.
The index's annualized growth rate slipped to 4.7 percent from a revised 4.9 percent a week earlier. The previous week's result was originally reported as 5.3 percent.
- Lightning, rain fail to deter resolute Hong Kong protesters |
- Kurds seize Iraq/Syria border post; Sunni tribe joins fight against Islamic State |
- Special Report: Islamic State uses grain to tighten grip in Iraq
- Protesters stay out on Hong Kong streets, defying Beijing |
- EBay follows Icahn's advice, plans PayPal spinoff in 2015 |