Cleaning & Restoration Breaking News

US economic gauges inches up in latest week-report

June 20, 2003
/ Print / Reprints /
/ Text Size+
NEW YORK, June 20 (Reuters) - A rise in mortgage applications and a drop in jobless claims helped propel a gauge of the U.S. economy slightly higher last week, but the index's growth rate reached a four-year high, a report showed on Friday.

The Economic Cycle Research Institute, a private forecasting body, said its weekly leading index inched up to 123.4 in the week to June 13 from 123.2 in the prior week.

"The pervasive rise in the index reveals that the outlook for growth continues to improve, except in manufacturing," said Lakshman Achuthan, managing director of ECRI.

The index's growth rate, a four-week moving average that evens out weekly fluctuations, climbed to 6.1 percent from 5.5 percent in the prior week, a four-year high.

"With consumers as the main driver of recovery, growth is likely to remain subpar," Lakshman told Reuters.

The weekly leading index is composed of seven major economic indicators. ECRI designs short- and long-term indexes aimed at predicting business cycles, recessions and recoveries in the world's leading economies.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.



Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.


Have a limited marketing budget but realize the importance of neighborhood marketing? Try doorknob hangers, a low-cost, yet highly effective way to drum up more business. In this episode, John Braun discusses the value of this tactic as well as what you should include on the materials you're hanging.
More Podcasts

ICS Cleaning Specialist Magazine


2014 September

The September issue of ICS features stories on moisture detection, disinfectant services, neighborhood marketing, then we discuss the last level of being phenomenal, and cool products.

Table Of Contents Subscribe

Social Media

Social media is a good way to regularly keep in touch and interact with current clients and reach potential ones. What social mediums do you use in your cleaning/restoration business?
View Results Poll Archive


Get Paid! book cover
Get Paid! (ebook)
Over 30 authors – over 40 articles…from attorneys, contractors, consultants, instructors and others, both inside and outside the restoration industry. R & R, C & R and Cleanfax, opened their archives and gave us the best they had, other chapters were created just for the “Get Paid!” book and its readers. And every one of them has ideas for how to get paid what you are owed.

More Products


Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view


Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view


facebook_40.png twitter_40px.png youtube_40px.pngcrc logo