Economic growth gauge rises to two week high: ECRI

NEW YORK Wed Nov 21, 2012 9:01pm IST

NEW YORK (Reuters) - A measure of future U.S. economic growth rose to a 2-week high in the latest week even as the annualized growth rate decreased to an 8-week low, a research group said on Wednesday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index rose to 125.7 in the week ended November 16 from 125.2 the previous week. That was its highest since November 2.

The previous week's number was originally reported as 125.4.

The index's annualized growth rate, however, fell to 3.8 percent from 4.3 percent a week earlier. It hit its lowest since September 21.

(Reporting By Edward Krudy; Editing by Theodore d'Afflisio)

Politics

REUTERS SHOWCASE

Fund Raising

Fund Raising

Flipkart raises $700 million in fresh funding.   Full Article 

Reforms Push

Reforms Push

Modi may order insurance, coal reforms if vote delayed - officials.  Full Article 

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

Hacking Attack

Hacking Attack

N.Korea says did not hack Sony, wants joint probe with U.S.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage