Daily News

View All News

Economic gauge's growth falls

October 03 2008

The growth rate for the Economic Cycle Research Institute's weekly leading index measuring the U.S. economy contracted 13.3% in the week ended Sept. 26. The index level was at 122.2. The growth rate is derived from a four-week moving average of the level and compared against the previous year's average.

"With WLI growth plunging to its lowest reading since the severe 1973-75 recession, the 2008 recession is set to get noticeably worse," said Lakshman Achuthan, managing director of the institute.

Comments

Add New Comment

Post comment

NOTE: Links will not be clickable.
Security text:*