Tuesday, April 28, 2009

ECRI Weekly Economic Leadng Index Continues to Climb

A weekly measure of U.S. future economic growth rose slightly by +0.07% vs. +-0.24%, while its annualized growth rate rose to levels last seen in early October 2008, suggesting economic recovery for the near future, according toThe Economic Cycle Research Institute.

The index's annualized growth rate -- continuing its six-month upswing -- rose to negative 18.6 percent from the prior week's rate of negative 19.7 percent.It was the highest yearly growth reading since Oct. 10, 2008, when the rate was minus 17.0 percent."With WLI growth rising to a 27-week high, U.S. economic growth, which is now at a record low, will soon begin to improve," said Lakshman Achuthan, managing director at ECRI.


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