Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
Measure Of Future U.S. Economic Growth At 14-month Low
NEW YORK (11/4/13)--A prominent measure of future economic growth in the U.S. was at a 14-month low at the end of October.

The New York-based Economic Cycle Research Institute said on Friday that its weekly leading index grew by only 1.7% for the week ending Oct. 5--a downturn of 2% from the prior week, and the measure's smallest increase since August 2012 (4-traders.com Nov. 1).

The index's smoothed annual growth rate dropped below 1.7% for the first time in 2013. It peaked at 8.8% earlier this year.

The last week before the partial government shutdown--the week ending Sept. 27--ECRI reported that the annualized index was at 4.6%. During the impasse, it declined by about a percentage point a week, and has continued to slide at a slower pace since.

Over the entire month of October, the weekly leading index grew by 1.6%, down from 4.5% in September.


RSS





print
News Now LiveWire
The U.S. Court of Appeals restored NCUA lawsuit v. Barclays Capital that charged misrepresenting quality of $550M IN RMBS. See News Now Wed.
53 minutes ago
Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
5 hours ago
Registration is now open for online viewing of @TheNCUA's March 19 board meeting. https://t.co/mMZoXSFjMe
5 hours ago
.@CFPB Director Richard Cordray's testimony that he will deliver before the #HFSC this afternoon. http://t.co/NA1aEOPAeh
6 hours ago
Consumer spending flatlines, savings ramp up #Market #NewsNow http://t.co/94kPuBpMRK
7 hours ago