Chicago Fed National Activity Index Slips into the Negative Territory in September

Chicago Fed National Activity Index Slips into the Negative Territory in September

(Chicago Fed) The Chicago Fed National Activity Index fell to -0.13 in September, from a gain of 0.05% in August, reflecting a decline in production-related indicators.

Chicago Fed National Activity Index

On a three-month moving average, the index was down to +0.25, from +0.38 in August.

Production-related indicators led to a -0.37 impact on the national activity index, down from -0.08 in August. Industrial production was down 1.3%, after falling again by 0.1% in August.

The Diffusion Index, a three-month average, rose to +0.22, from +0.20 posted in August.

The employment-related indicators led to a +0.16 uptick in the national activity index, up from +0.09 in August. The unemployment rate was down by 0.4% in September, after another 0.2% decrease in August.

SPY is up +0.14%, DXY is up +0.23%.

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