Chicago Fed National Activity Index in recessionary territory
Led by declines in production- and employment-related indicators, the Chicago Fed National Activity Index fell to –4.19 in March from +0.06 in February.
All four broad categories of indicators used to construct the index made negative contributions in March, and three of the four categories decreased from February.
The index’s three-month moving average decreased to –1.47 in March from –0.20 in February. Following a period of economic expansion, an increasing likelihood of a recession has historically been associated with a value below –0.70.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
