BLBG: U.S. ECRI Weekly Economic Index for Week Ended Oct. 21
A gauge of future economic activity in the U.S. rose last week, according to the Economic Cycle Research Institute.
The ECRI’s leading index for the week ending Oct. 21 rose to 121.3 from 120.4 in the previous week. The growth rate, which is designed to minimize monthly fluctuations, fell 10.0 percent.
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Oct. 21 Oct. 14 Oct. 7 Sept. 30 Sept. 23 Sept. 16
2011 2011 2011 2011 2011 2011
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Leading index 121.3 120.4 120.0 120.4 121.3 121.7
Weekly change 0.7% 0.3% -0.3% -0.7% -0.3% -0.6%
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Smooth annualized
growth rate -10.0% -10.1% -9.7% -8.8% -7.7% -7.1%
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SOURCE: Economic Cycle Research Institute
To contact the reporter on this story: Alex Tanzi in Washington at atanzi@bloomberg.net
To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net
