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ECRI Index Level, Growth Rate Slips

June 01 2012

The Economic Cycle Research Institute’s weekly leading index of the U.S. economy fell to a reading of 122.4 in the week ended May 25 from the prior period’s reading of 123.0, the index’s lowest level since January. 

The index level and the growth rate can move in opposite directions because the growth rate is based on a four-week moving average of the weekly leading index level, compared with the previous year’s moving average.

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