June 11, 2010 / 2:41 PM / 10 years ago

US econ growth gauge falls to 44-week low -ECRI

 NEW YORK, June 11 (Reuters) - A measure of future U.S.
economic growth fell to a 44-week low in the latest week,
indicating that the economy is about to slow, 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 123.2 for the week ended June 4, down from 124.0 in the
prior week.
 That was the lowest level since the week of July 31, 2009,
when it stood at 122.4.
 Meanwhile, the index's annualized growth rate fell to -3.5
percent after a rise of 0.3 percent a week earlier.
 (Reporting by John Parry; Editing by Chizu Nomiyama)

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