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Posted October 25, 2021

Chicago Fed National Activity Index declined in September

Led by declines in production-related indicators, the Chicago Fed National Activity Index decreased to –0.13 in September from +0.05 in August.


One of the four broad categories of indicators used to construct the index made a negative contribution in September, and one category deteriorated from August. The index’s three-month moving average moved down to +0.25 in September from +0.38 in August.

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