9 April 2001, 16:09 US ECRI's future inflation gauge fell to 111.0 in March
ECRI's future inflation gauge fell to 111.0 in March from the
revised February index of 112.6 (1992=100), the Economic Cycle Research
Institute (ECRI) reported Friday. The smoothed annual growth rate in the
index fell to -12.1% in March from -11.0% in February. "The gauge was
pulled down in March by slower growth in employment and the JOC-ECRI
industrial price index, a higher insured unemployment rate, a wider
yield spread and a lower percentage of purchasing managers reporting
slower deliveries, partly offset by faster growth in real estate loans,"
ECRI said.
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