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

This entry was posted on Monday, December 20th, 2010 at 8:09 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.

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