U.S. economic growth gauge at highest since April 2010: ECRI

NEW YORK Fri Jan 3, 2014 10:34am 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 rose last week to its strongest since April 2010, while the annualized growth rate stayed steady, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index increased to 132.9 in the week ended December 27 from 131.9 the previous week.

The index's annualized growth rate was 1.8 percent, the same as a week earlier. The previous week's figure was originally reported at 1.9 percent.

(Americas Economics and Markets Desk; Editing by James Dalgleish)

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

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article 

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.