March 22, 2010 / 12:34 PM / 8 years ago

Chicago Fed national activity index falls in Feb

 CHICAGO, March 22 (Reuters) - The Federal Reserve Bank of Chicago on Monday
said its gauge of the national economy fell in February to -0.64 from a revised
-0.04 in January. January's reading was originally reported at 0.02.
 Monthly index:
        Feb 10   Jan 10   Dec 09   Nov 09   Oct 09        Feb 09
Current     -0.64    -0.04    -0.50     0.14    -0.90        -2.48
Previous     N/A      0.02    -0.58     0.06    -0.88        -2.48
 Three-month moving average:
        Feb 10   Jan 10   Dec 09  Nov 09   Oct 09         Feb 09
Current    -0.39     -0.13   -0.42    -0.56    -0.85          -3.47
Previous     N/A     -0.16   -0.47    -0.59    -0.84          -3.47
 The three-month moving average indicates low inflationary pressure from
economic activity over the coming year, the Chicago Fed said.
Index subcategories:
                        Contribution to monthly index
                        in Feb 10       in Jan 10
Employment                 -0.16              -0.02
Consumption and housing    -0.45              -0.44
Production and income:     -0.08               0.41
Sales, orders, inventory    0.05               0.02
 NOTES:
 Zero values in the index indicate a national economy expanding at
historical trends, while negative values indicate below-trend growth and
positive values signal growth above trend, the Chicago Fed said.
 The 85 economic indicators that comprise the Chicago Fed's index are drawn
from four categories: production and income; employment, unemployment and
hours; personal consumption and housing; and sales, orders and inventories.
 The three-month moving average provides a more consistent picture of
national economic growth compared to the more volatile monthly index.




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