<TABLE cellSpacing=0 cellPadding=0 width=452 border=0><TBODY><TR vAlign=top><TD></TD></TR><TR><TD vAlign=top width=452 colSpan=2>March 20, 2009, 11.07 pm (Singapore time)
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>US economic growth index climbs to 3-week high: ECRI
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NEW YORK - A measure of future US economic growth rose in the latest week while its annualised growth rate steadied, indicating that economic conditions are beginning to stabilise, a research group said on Friday.
The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index climbed to 105.8 for the week ending March 13 from 105.2 in the previous week, which was revised up from 104.8.
It was the highest reading since since February 20, when the index was 106.0.
The index's annualised growth rate remained unchanged at negative 23.9 per cent, with the previous week's figure revised higher from negative 24.1 per cent.
'WLI growth held steady in the latest week and is clearly holding above its December low, suggesting that US economic growth will stabilise in coming months,' said Lakshman Achuthan, managing director at ECRI.
The weekly index edged up due to stronger housing activity and weaker jobless claims, partly offset by higher interest rates, Mr Achuthan said. -- REUTERS
I've NO Solution! *hands shaking*
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>US economic growth index climbs to 3-week high: ECRI
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</TD><TD>Feedback</TD></TR></TBODY></TABLE>NEW YORK - A measure of future US economic growth rose in the latest week while its annualised growth rate steadied, indicating that economic conditions are beginning to stabilise, a research group said on Friday.
The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index climbed to 105.8 for the week ending March 13 from 105.2 in the previous week, which was revised up from 104.8.
It was the highest reading since since February 20, when the index was 106.0.
The index's annualised growth rate remained unchanged at negative 23.9 per cent, with the previous week's figure revised higher from negative 24.1 per cent.
'WLI growth held steady in the latest week and is clearly holding above its December low, suggesting that US economic growth will stabilise in coming months,' said Lakshman Achuthan, managing director at ECRI.
The weekly index edged up due to stronger housing activity and weaker jobless claims, partly offset by higher interest rates, Mr Achuthan said. -- REUTERS
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I've NO Solution! *hands shaking*
