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U.S. economic growth gauge slowed last week: ECRI
December 20, 2013 / 3:36 PM / 4 years ago

U.S. economic growth gauge slowed last week: ECRI

NEW YORK (Reuters) - A measure of future U.S. economic growth decreased last week, while the annualized growth rate also slowed, a research group said on Friday.

The Manhattan skyline is seen from the 68th floor of the 4 World Trade Center tower in New York, November 13, 2013. REUTERS/Shannon Stapleton

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index eased to 130.9 in the week ended December 13 from a revised 131.3 the previous week. That was originally reported as 131.4.

The index’s annualized growth rate slowed to 2.1 percent from the previous week’s revised 2.7 percent, a figure originally reported as 2.8 percent.

Americas Economics and Markets Desk; Editing by James Dalgleish

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