Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
Measure Of Future U.S. Economic Growth At 14-month Low
NEW YORK (11/4/13)--A prominent measure of future economic growth in the U.S. was at a 14-month low at the end of October.

The New York-based Economic Cycle Research Institute said on Friday that its weekly leading index grew by only 1.7% for the week ending Oct. 5--a downturn of 2% from the prior week, and the measure's smallest increase since August 2012 (4-traders.com Nov. 1).

The index's smoothed annual growth rate dropped below 1.7% for the first time in 2013. It peaked at 8.8% earlier this year.

The last week before the partial government shutdown--the week ending Sept. 27--ECRI reported that the annualized index was at 4.6%. During the impasse, it declined by about a percentage point a week, and has continued to slide at a slower pace since.

Over the entire month of October, the weekly leading index grew by 1.6%, down from 4.5% in September.


RSS print
News Now LiveWire
.@SenatorBegich says @TheNCUA risk-based cap. plan attempts 2 solve problem that does not exist, at expense of those served by CUs. Watch NN
44 minutes ago
Target wants stay of discovery in class action suits in data security breach; plaintiffs disagree that it's needed http://t.co/GHqz2S4u5g
1 hours ago
New HUD Sec'y Julian Castro gets warm send-off from San Antonio's @alamofcu MT Thanks for all the hard work. http://t.co/peb8x4GSRq
1 hours ago
.@CUANYtweets initiates call to action to Gov. Cuomo to sign state-chartered #creditunion FOM bill
1 hours ago
.@MountainAmerica #creditunion CEO helps TV audience understand credit scores #NewsNow http://t.co/makbsIIdzn
1 hours ago