The Chicago Fed National Activity Index (CFNAI) for October 2004 was published on 23 November. The CFNAI was +0.52 in October, up sharply from -0.04 in September. For the first time since March, all four of the broad categories of indicators that comprise the index made positive contributions in October.
Moreover, the contributions from production-related and employment-related indicators swung from negative in September to positive last month. The three-month moving average, CFNAI-MA3, was +0
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