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
September 27th, 2010 at 8:36 am
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.”