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Posted July 23, 2013

Chicago Fed National Activity Index rises

Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to -0.13 in June from -0.29 in May.


The index’s three-month moving average, CFNAI-MA3, increased to –0.26 in June from –0.37 in May, marking its fourth consecutive reading below zero. June’s CFNAI-MA3 suggests that growth in national economic activity was below its historical trend. T

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