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Economic gauge's growth down

November 09 2007

The growth rate for the Economic Cycle Research Institute's forward-looking gauge of the U.S. economy for the week ended Nov. 2 contracted 0.9%. ECRI's weekly leading index level, however, rose to 140.1 from the previous week's reading of 139.4. The index level measures weekly changes, while the growth rate is derived from a four-week moving average.

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