WLI Rises
A measure of future U.S. economic growth picked up in the latest week, while the annualized growth rate rose for the first time in three months, a research group said on Friday.
The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index gained to 121.3 in the week ended Oct 21 from 120.4 the previous week.
The index's annualized growth rate inched up to minus 10.0 percent from minus 10.1 percent a week earlier.
The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index gained to 121.3 in the week ended Oct 21 from 120.4 the previous week.
The index's annualized growth rate inched up to minus 10.0 percent from minus 10.1 percent a week earlier.