Economic growth gauge eased last week: ECRI


A measure of future U.S. economic growth dipped last week, while the annualized growth rate also pulled back, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index fell to 130.2 in the week ended May 10 from 131.0 the previous week.

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The index's annualized growth rate slipped to 7.0 percent from 7.4 percent a week earlier.

(Reporting by Leah Schnurr; Editing by Chizu Nomiyama)