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ECRI: NEW HIGHS FOR LEADING INDICATOR

The ECRI reported a new high in their weekly leading indicator.  The index hit an 83 week high of 132.2 which was slightly higher than last week’s reading.  The annualized growth rate continues to fall, but remains robust at 23.4%.   Lakshman Achuthan, managing director at ECRI, is still quite confident that the economy is rebounding.  He says:

(The recovery) “will continue to gain ground in the months ahead”

Source: ECRI

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