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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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To: geode00 who wrote (29675)10/15/2004 4:26:16 PM
From: CalculatedRisk  Read Replies (1) of 173976
 
U.S. ECRI weekly leading index at 81-week low By Rex Nutting

WASHINGTON (CBS.MW) -- Leading economic indicators are pointing to lackluster U.S. growth, the Economic Cycle Research Institute said Friday. The ECRI's weekly leading index fell 1 percent last week, the slowest growth in 81 weeks. The index has fallen for nine straight weeks. Oil prices are not the primary cause of the weakness, they said.

The weekly leading index (WLI) dipped to 131.0 in the week ended Oct. 8 compared with 131.8 in the previous week.

"The 81-week low in the WLI growth rate underscores the fact that the economy will not re-accelerate above trend growth any time soon" said Lakshman Achuthan, Managing Director of ECRI.
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