Chicago Fed National Activity Index For November At -0.46
(For October 2010)
Chicago Fed National Activity Index for November was reported at -0.46 vs. revised October reading of -0.25. Chicago Fed National Activity Index 3-month moving average was at -0.41.
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 mild growth and still indecisive on whether it will turn lower.
Chart 1. Chicago Fed National Activity Index
