Chicago Fed National Activity Index For October At -0.28
(For October 2010)
Chicago Fed National Activity Index for October was reported at -0.38 vs. revised September reading of -0.52. Chicago Fed National Activity Index 3-month moving average was at -0.46.
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
