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To: Mark Adams who wrote (127711)	10/5/2001 1:12:25 PM
From: Mark Adams	Respond to of 436258

ECRI weekly index falls to four-year low NEW YORK, Oct 5 (Reuters) - A weekly index of U.S. economic activity fell for the four consecutive week to a four-year low, dashing prospects for a speedy economic recovery, the Economic Cycle Research Institute said on Friday. ECRI's Weekly Leading Index dipped to a four-year low of 115.5 in the week ending Sept. 28 -- its lowest level since May 1997 -- from a downwardly revised reading of 116.5 one week earlier. "Everybody wants to know how deep is the recession and when does it end," said Lakshman Achuthan, ECRI Managing Director. "All we know right now is that it's going to become deeper in the near term, and that the recovery is not in sight." The index usually hits a trough three to four months before a recovery begins, Achuthan said. He added that plunging commodity prices and a spike in initial jobless claims last week helped drag the index to its new low. biz.yahoo.com ``Underlying inflationary pressures remain in a cyclical downtrend. Also, the deeper recession probable in the wake of the terrorist attack is likely to reduce inflation pressures even further,'' the report said. biz.yahoo.com businesscycle.com