The ECRI’s latest data continues to reflect a slowing U.S. economy. Their weekly leading index firmed to 129.8 from last week’s reading of 128.4, however, the growth rate continued to decline hitting a 30 week low of 13.7% versus last week’s reading of 14.9%.
ECRI Managing Director Lakschman Achuthan says the recovery is likely to slow mid this Summer:
“The decline underscores our view that U.S. economic growth will start easing by mid-year”
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