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)

  • Most Popular
  • Most Shared

Coal Sector

REUTERS SHOWCASE

Border Talks

Border Talks

India names Ajit Doval as special envoy for China border talks.  Full Article 

WTO Deal

WTO Deal

U.S. seeks to step up India trade talks  Full Article 

Phone Masts

Phone Masts

American Tower to buy Bharti Nigeria phone masts for $1.1 billion  Full Article 

Shadow Banking

Shadow Banking

Reserve Bank planning more measures for NBFCs.  Full Article 

Auto Sector

Auto Sector

Hyundai Motor, Kia Motors lift 2014 global sales target on China, emerging markets  Full Article 

Raising Money

Raising Money

SpiceJet says in early talks with investors for fresh capital.  Full Article 

Market Eye

Market Eye

Sensex, Nifty rise to record after China, ECB stimulus boosts risk appetite.  Full Article 

Reuters India Mobile

Reuters India Mobile

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