Chicago Fed finds U.S. economic gloom deepening

US - An index tracking U.S. economic activity fell in October to its lowest level since the last recession, the Federal Reserve Bank of Chicago said on Wednesday.

The three-month moving average of the Chicago Fed's National Activity Index plunged to -1.56 in October from -1.06 in September, even as the monthly reading inched up to -1.70 last month from September's -1.78.

The latest reading on the three-month average, considered the more reliable gauge since it smooths out monthly fluctuations, was

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account