Chicago Fed National Activity Index shows slower August growth
Led by some further moderation in the growth of production-related indicators, the Chicago Fed National Activity Index declined to +0.79 in August from +2.54 in July.
Two of the four broad categories of indicators used to construct the index made positive contributions in August, but all four categories decreased from July. The index’s three-month moving average moved down to +3.05 in August from +4.23 in July.
The CFNAI Diffusion Index, which is also a three-month moving average, decreased to +0.62 in August from +0.73 in July. Forty-five of the 85 individual indicators made positive contributions to the CFNAI in August, while 40 made negative contributions. Twenty-nine indicators improved from July to August, while 56 indicators deteriorated. Of the indicators that improved, 11 made negative contributions.
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.
