Posted March 21, 2011
Economic growth near average
The Chicago Fed National Activity Index ticked down to –0.04 in February from –0.01 in January.
Three of the four broad categories of indicators that make up the index made positive contributions in February, but for the second consecutive month they were offset by continued weakness in the consumption and housing category.
The index's three-month moving average increased to +0.11 in February from +0.05 in January, coming in positive for two consecutive months for the first time since April and May of 2010.
