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Chicago Federal Reserve index of economic activity weakens

The Chicago Federal Reserve has an index of economic activity for the region. In September, the index weakened. It stood at a minus 0.81, down from a minus 0.65 in August and a minus 0.90 the previous month.

A reading at zero or above indicates expansion in economic activity. Unfortunately, these readings show that the region is still in a deep recession.

The Chicago Fed uses a three month moving average to smooth out the raw numbers. Using that average, the reading for September was a minus 0.63, and a minus 0.96 in August.

Continue reading Chicago Federal Reserve index of economic activity weakens

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Last updated: May 26, 2012: 10:14 AM

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