Tags: US | Economic | Growth | Climbs

Research Group: US Economic Growth Index Climbs Further

Friday, 12 Oct 2012 12:02 PM

A measure of future U.S. economic expansion pushed higher last week, while the annualized growth rate rose to its loftiest level in more than a year, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index increased to 127.7 in the week ended October 5 from a revised 126.2 the previous week.

The prior week's figure was originally reported as 126.3.

The index's annualized growth rate accelerated to its highest level since May 2011 at 5.7 percent, from 4.6 percent.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Economy
A measure of future U.S. economic expansion pushed higher last week, while the annualized growth rate rose to its loftiest level in more than a year, a research group said on Friday.
US,Economic,Growth,Climbs
92
2012-02-12
Friday, 12 Oct 2012 12:02 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved