Chicago Fed National Activity Index, April 2004

The Chicago Fed National Activity Index April 2004 increased sharply in April, to +0.64, from an upward-revised +0.23 in March. Each of the four broad categories of indicators that comprise the index made positive contributions in April, with production- and employment-related measures making the strongest contributions.

The three-month moving average, CFNAI-MA3, was +0.45 in April, up from +0.37 the previous month, and the eighth consecutive reading above zero. CFNAI-MA3 values above zero are

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