October 1, 2010 / 2:34 PM / 9 years ago

US econ growth gauge rises to 2-week high- ECRI

 NEW YORK, Oct. 1 (Reuters) - A measure of future U.S.
economic growth rose to a 2-week high in the latest week, but
held at a level that suggests the recovery will remain
sluggish, a research group said on Friday.
 The Economic Cycle Research Institute, a New York-based
independent forecasting group, said its Weekly Leading Index
rose to 122.5 in the week ended Sept. 24 from 122.2 the
previous week.
 That was the highest level since Sept. 10, when it was
122.6.
 The index's annualized growth rate rose to minus 7.8
percent from minus 8.7 percent a week earlier. That was the
highest since June 18, when it was minus 7.4 percent.
 (Reporting by Edith Honan; Editing by Padraic Cassidy)
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