Chicago Fed National Activity Index, February 06

The Chicago Fed National Activity Index for February 2006, published 22 March, was +0.32 in February, up from +0.28 in January.

Three of the four broad categories of indicators that make up the index made positive contributions, while the remaining category made a neutral contribution. The three-month moving average, CFNAI-MA3, was +0.36 in February. A CFNAI-MA3 reading above zero is associated with above-trend economic growth; accordingly, the CFNAI-MA3 value of +0.36 in February suggests that

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