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Economic growth gauge slipped last week: ECRI
April 5, 2013 / 2:41 PM / 5 years ago

Economic growth gauge slipped last week: ECRI

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

A shopper carries bags from Tiffany & Co. jewelers along 5th Avenue in New York City, April 4, 2013. REUTERS/Mike Segar

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index fell to 129.2 in the week ended March 29 from an unrevised 129.7 the previous week.

The index’s annualized growth rate edged down to 6.2 percent from 6.5 percent a week earlier.

Reporting by Leah Schnurr; Editing by Chizu Nomiyama

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