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.
- White House reverses, says Obama met uncle and lived with him during law school
- Flights delayed as air pollution hits record in Shanghai
- South Africa mourns Mandela, will bury him on December 15 |
- Analysis: Boeing bidders dangle goodies to win 777X jetliner
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image