Posted September 26, 2022

Economic growth moderated in August

Led by declines in production-related indicators, the Chicago Fed National Activity Index decreased to a neutral value in August from +0.29 in July.

Three of the four broad categories of indicators used to construct the index made positive contributions in August, but three categories deteriorated from July. The index’s three-month moving average moved up to +0.01 in August from –0.08 in July.

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