Tuesday, 22 January 2013

Chicago Fed National Activity Index Declines in Dec-12

The Chicago Fed National Activity Index declined in December 2012 to finish the month on 0.02, down from 0.27 the month before and 0.67 in December 2011. A zero value for the index indicates that the national economy is expanding at its historical trend rate of growth; negative values indicate below-average growth; and positive values indicate above-average growth. The current index value therefore indicates the economy is growing expanding slightly more than the historical trend rate of growth.

January 2011 to December 2012

March 1967 to December 2012

On a three month moving average basis however, the current value of the index is -0.11, indicating that the U.S. economy is growing less than the historical rate. But the current reading is the best (i.e. less negative) since March 2012 indicating the negative trend is decelerating.

January 2011 to December 2012

May 1967 to December 2012

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