Chicago Fed National Activity Index, Jan 2005

The Chicago Fed National Activity Index for January 2005 was +0.21, down from +0.59 in December. However, all four broad categories of indicators that comprise the index made positive contributions to the January CFNAI.

The three-month moving average, CFNAI-MA3, decreased to +0.29 in January from +0.43 in December. CFNAI-MA3 readings above zero are associated with above-trend economic growth; accordingly, the CFNAI-MA3 value of +0.29 in January suggests that growth in national economic activit

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