U.S. economic growth gauge strengthens slightly: ECRI

NEW YORK Fri Dec 27, 2013 11:07am EST

The skyline of Lower Manhattan in New York is seen behind the shipping docks in Newark, New Jersey, December 27, 2012. REUTERS/Gary Hershorn

The skyline of Lower Manhattan in New York is seen behind the shipping docks in Newark, New Jersey, December 27, 2012.

Credit: Reuters/Gary Hershorn

NEW YORK (Reuters) - A measure of future U.S. economic growth increased last week while the annualized growth rate slowed, 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 131.9 in the week ended December 20 from 130.9 the previous week.

The index's annualized growth rate decreased to 1.9 percent from 2.1 percent a week earlier.

(Americas Economics and Markets Desk)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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