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
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
14 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
16 hours ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
17 hours ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
19 hours ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
19 hours ago