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Economic gauge contracts

November 02 2007

The growth rate for the Economic Cycle Research Institute's forward-looking gauge of the U.S. economy for the week ended Oct. 26 contracted 0.7%. ECRI's weekly leading index level fell to 139.4 from the previous week's reading of 139.7. The index level measures weekly changes, while the growth rate is derived from a four-week moving average.

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