Chicago Fed National Activity Index, October 2006

The Chicago Fed National Activity Index for October 2006, published 21 November, was -0.31 in October, slightly up from -0.38 in September. All of the four broad categories of indicators made negative contributions to the index.

The three-month moving average, CFNAI-MA3, declined from -0.15 in September to -0.19 in October. A CFNAI-MA3 reading below zero is associated with below trend economic growth; accordingly, the CFNAI-MA3 value of -0.19 for October suggests that growth in national economic

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