The .@ChicagoFed National Activity Index, a helpful gauge used to monitor overall economic activity, experienced a slowdown during August by dropping to -0.04. This is a decrease from the previous reading of +0.08, a number that was actually revised upward from an initial report of -0.08.
Taking a slightly longer view, the 3-month moving average showed a mild improvement, shifting up to +0.01 compared to its prior measure of -0.01. A closer look at the underlying data reveals that out of the 85 individual indicators tracked, 39 of them made positive contributions to the total index.
Taking a slightly longer view, the 3-month moving average showed a mild improvement, shifting up to +0.01 compared to its prior measure of -0.01. A closer look at the underlying data reveals that out of the 85 individual indicators tracked, 39 of them made positive contributions to the total index.
