Posted September 26, 2011
Chicago Fed National Activity Index falls
Led by declines in production and employment-related indicators, the Chicago Fed National Activity Index decreased to –0.43 in August from +0.02 in July.
Contributions from three of the four broad categories of indicators that make up the index declined from July, and three of the four were negative in August. The index's three-month moving average ticked down to –0.28 in August from –0.27 in July. August's index suggests that growth in national economic activity was below its historical trend.
