Economic growth gauge gained last week: ECRI

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A measure of future economic growth edged up last week, while the annualized growth rate also improved, a research group said on Friday.

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The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index rose to 131.0 in the week ended May 3 from 130.6 the previous week.

The index's annualized growth rate climbed to 7.3 percent from 7.1 percent a week earlier.

(Reporting by Leah Schnurr; Editing by Chizu Nomiyama)

 

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