May 14, 2010 / 2:32 PM / 7 years ago

US future econ growth gauge shows recovery slowing

1 Min Read

 NEW YORK, May 14 (Reuters) - A measure of future U.S.
economic growth fell to a four-week low in the latest week
while its annualized growth rate hit a 40-week low, indicating
a slowdown in the recovery in the coming months, 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 132.0 in the week ended May 7, from 134.7 the previous
week.
 The latest figure is the lowest level since April 9, when
it stood at 131.3.
 The index's annualized growth rate fell to 12.2 percent,
from 12.7 percent, its lowest level since July 31, 2009, when
it stood at 11.2 percent.
 "With WLI growth falling to a 40-week low, the pace of
improvement in the overall economy is set to slacken in the
months ahead," said Lakshman Achuthan, managing director of
ECRI.
(Reporting by Ciara Linnane; Editing by Padraic Cassidy)


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