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Market
Index For Future Economic Growth Drops
NEW YORK (10/15/13)--An index of future U.S. economic growth fell to a three-month low on Friday.

The Weekly Leading Index, a metric compiled by the New York-based Economic Cycle Research Institute, fell to 130.4 in the week ending on Oct.4--down from 132.1 the previous week (Reuters Oct. 11).

The decline is the largest one week drop since mid-April 2012 (Moody's Economy.com Oct. 11).

The ECRI measure of smooth, annualized growth also decelerated to 3.8%, its slowest pace all year, and well below its 2013 peak of 8.8%.
 


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