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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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WLI Rises


A measure of future U.S. economic growth rose to a 19-week high in the latest week while the annualized growth rate rose to an 16-week high, 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 123.8 in the week ended October 1 from 122.5 the previous week.

That was the highest level since May 21, 2010, when it was 125.3.

The index's annualized growth rate rose to minus 7 percent from minus 7.8 percent a week earlier. That was the highest since June 11, when it was minus 6.0 percent.
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