Chicago Fed National Activity Index, September 05

The Chicago Fed National Activity Index for September 2005 was -0.71 down from -0.09 in August. Two of the four broad categories of indicators that make up the index - production and employment - made negative contributions.

The three-month moving average, CFNAI-MA3, was -0.20 in September. A CFNAI-MA3 reading of zero is associated with trend economic growth; accordingly, the CFNAI-MA3 value of -0.20 in September suggests that growth in national economic activity was below its historical trend

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