Chicago Fed National Activity Index For September At -0.58
(For September 2010)
Chicago Fed National Activity Index for September was reported at -0.58 vs. revised August reading of -0.49. Chicago Fed National Activity Index 3-month moving average was at -0.33.
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 (although it is deteriorating).
Chart 1. Chicago Fed National Activity Index
