Chicago Fed National Activity Index, August 2005

The Chicago Fed National Activity Index for August 2005 was +0.10 down from +0.28 in July. Three of the four broad categories of indicators that make up the index - employment, consumption and housing, and sales, orders, and inventories - made positive contributions.

The three-month moving average, CFNAI-MA3, was +0.26 in August. A CFNAI-MA3 reading above zero is associated with above-trend economic growth; accordingly, the CFNAI-MA3 value of +0.26 in August suggests that growth in national

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