U.S. economic growth gauge gains, annual rate drops

NEW YORK Fri Sep 6, 2013 10:30am EDT

NEW YORK (Reuters) - A measure of future U.S. economic growth picked up slightly last week but the annualized growth rate fell to its lowest in 39 weeks, 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 131.5 in the week ended August 30, its highest in four weeks. It stood at 131.3 the previous week.

The index's annualized growth rate dipped to 3.9 percent, the lowest since November 30, 2012. It stood at 4.2 percent a week earlier.

(Reporting by Luciana Lopez; Editing by Chizu Nomiyama)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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.