Reply #55: US economic gauges fell last week - ECRI

[UpInArms]

http://www.reuters.com/article/bondsNews/idUSNAT00390120080404

NEW YORK, April 4 (Reuters) - A gauge of future U.S. economic growth and its annualized growth rate were lower in the latest week, evidence that the downturn in the U.S. economy shows no sign of abating, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index fell to 129.9 in the week to March 28 from 131.7 in the prior week, downwardly revised from 131.8.

The fall was due to higher interest rates and jobless claims, along with slower housing, and was partly offset by higher stock prices, said Lakshman Achuthan, managing director at ECRI.

The index's annualized growth rate slid to minus 10.7 percent from minus 10.0 percent. This reading hit the same low in mid-February, and is at its lowest since October 2001.

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