The Hot Button Questions:- Money, Banks, & the Economy Message Board

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To: maceng2 who wrote (459)	10/4/2003 3:54:25 AM
From: maceng2	Read Replies (1) of 1417

Weekly Leading Index Slips 10/03/2003 businesscycle.com NEW YORK, Oct 3 (Reuters) - A gauge of the U.S. economy ticked down in the latest week, but growth is still anticipated to step up in the next few quarters, a report showed on Friday. The Economic Cycle Research Institute, a private forecasting group, said its leading index fell slightly to 128.3 in the week ended Sept. 26 compared to a downwardly revised reading for the previous week of 128.7. The index hit a record high of 129.5 in the Sept 12 week. The index's growth rate, an annualized rate for the four-week moving average that evens out weekly fluctuations, slowed somewhat to 12.3 percent from a downwardly revised rate of 12.4 percent in the preceding period. "We should be prepared for above trend GDP (gross domestic product) growth for the next couple of quarters," said ECRI managing director Lakshman Achuthan. The weekly leading index is composed of seven major economic indicators. ECRI designs short- and long-term indexes aimed at predicting business cycles, recessions and recoveries in the world's leading economies.

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