Chicago Fed National Activity Index, August 2006

The Chicago Fed National Activity Index for August 2006, published 21 September, was -0.18 in August, down from -0.07 in July. Two of the four broad categories of indicators in the index made negative contributions.

The three-month moving average, CFNAI-MA3, declined from +0.09 in July to +0.05 in August. A CFNAI-MA3 reading above zero is associated with above-trend economic growth; accordingly, the CFNAI-MA3 value of +0.05 for August suggests that growth in national economic activity was near

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