U.S. economic growth gauge edged lower last week: ECRI


A measure of future U.S. economic growth ticked lower last week, while the annualized growth rate also cooled slightly, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index edged down to 126.6 in the week ended Oct 26 from 126.7 the previous week. That was originally reported as 126.8.

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The index's annualized growth rate slipped to 5.9 percent from 6.0 percent a week earlier.

(Reporting by Leah Schnurr; Editing by Chizu Nomiyama)