Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
Economic Growth Edges Up, Annual Growth Decelerates
NEW YORK (10/21/13)--An index measuring future economic growth increased slightly last week, but its measure of annualized growth fell to a 13-month low.

The New York-based Economic Cycle Research Institute said its Weekly Leading Index rose to 130.4 for the week ending Oct. 11, up from 130.3 the previous week--a number that was revised down after being initially reported as 130.4.
 
The measure's annualized growth rate fell to 2.8%, to its lowest number since September 2012. The week before, which ended Oct. 4, the index measured annualized growth at 3.6%--a figure revised downward after being originally reported as 3.8%.

In late August, the ECRI annualized growth rate started to climb from just under 4%, peaking at 4.6% just before the federal government's partial shutdown, for the week ending Sept. 27. It has steadily fallen by almost a percentage point per week since.
 


RSS





print
News Now LiveWire
Season's greetings from playlists to cookies #NewsNow http://t.co/5gu8nrCoyL
5 minutes ago
Panelists decrypt payment trends for #creditunion leaders http://t.co/rXvI63w1sU
24 minutes ago
tax status preservation, reg relief among @CUNA successes in 113th Congress #NewsNow http://t.co/fWhzXoT5kK
37 minutes ago
16.9% of U.S. homeowners underwater, down from peak 31.4% in 2012, reports @zillow http://t.co/EbILqY1HMz
17 hours ago
Breaking at #NewsNow: President Obama signs IOLTA bill into law. http://t.co/5N741Bygmn
18 hours ago