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The Economic Cycle Research Institute’s weekly leading index of the U.S. economy rose to a reading of 124.7 in the week ended April 27. It was up from the prior period’s reading of 124.0. The index’s growth rate slipped to 0.0 percent from a growth rate of 0.5 percent in the prior period.
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.