June Chicago Fed National Activity Index At -0.46

(For June 2011)

Chicago Fed National Activity Index for June was reported at -0.46 vs. revised May reading of -0.55. Chicago Fed National Activity Index 3-month moving average is at -0.6.

CFNAI is pointing to zero economic growth, when index 3-month moving average moves bellow -0.7 there is “an increasing likelihood that a recession has begun”. Very close…

This entry was posted on Monday, July 25th, 2011 at 7:50 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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