Chicago Fed National Activity Index For August At -0.53

(For August 2010)

Chicago Fed National Activity Index for August was reported at -0.53 vs. July revised reading of -0.11. Chicago Fed National Activity Index 3-month moving average was at -0.42.

When the CFNAI three month moving average value moves below –0.70 following a period of economic expansion, there is an increasing likelihoodthat a recession has begun.

Another indicator pointing to a mild growth, but not recession (although it is deteriorating).

Chart 1. Chicago Fed National Activity Index

Chicago Fed

This entry was posted on Monday, September 27th, 2010 at 7:45 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Chicago Fed National Activity Index For August At -0.53”

  1. Kova Says:

    CFNAI MA3 data:

    May: +0.27
    Jun: -0.11
    Jul: -0.27
    Aug: -0.42

    “None of the four broad categories of indicators that make up the index made a
    positive contribution in August.”

 

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