Growth in a weekly leading index designed to forecast U.S. economic activity was unchanged in the latest week.
According to the Economic Cycle Research Institute, its weekly
leading index grew 1.8% in the week ended Dec. 27, the same rate posted
in the prior week.
The index itself increased to 132.9 from 131.9 in the previous
week. ECRI says "occasionally the WLI level and growth rate can move in
different directions, because the latter is derived from a four-week
moving average."
The November ECRI index growth rate rebounded to 3.0% from 1.9% in October.