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During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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Weekly Leading Index Edges Up


A gauge of future U.S. economic growth edged up in the latest week and its annualized growth rate was unchanged, remaining in recessionary territory, 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 132.5 in the week ended June 6 from 132.4 in the previous period...

The index's annualized growth rate held at negative 6.2 percent.

"With WLI growth solidly negative, the U.S. economic outlook remains recessionary," Achuthan said.

VIEW THIS ARTICLE ON REUTERS