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Economic gauge contracts

November 16 2007
The growth rate for the Economic Cycle Research Institute's forward-looking gauge of the U.S. economy for the week ended Nov. 9 contracted 0.9%. ECRI's weekly leading index level fell to 140.0 from 140.3 in the prior period.

The index level measures weekly changes, while the growth rate is derived from a four-week moving average.

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