Chicago Fed national activity index at zero in July

NEW YORK, Aug 23 (BestGrowthStock) – The Federal Reserve Bank of Chicago’s national
activity index:

Monthly index:

July 10 Jun 10 May 10 Apr 10 Mar 10 Feb 10 July 09
Current 0 -0.70 0.19 0.17 0.43 -0.53 -0.07
Previous N/A -0.63 0.31 0.16 0.47 -0.52 -0.14
Three-month moving average:

July 10 Jun 10 May 10 Apr 10 Mar 10 Feb 10 July 09
Current -0.17 -0.12 0.26 0.02 -0.03 -0.33 -1.32
Previous N/A -0.05 0.31 0.04 -0.01 -0.31 -1.36

The three-month moving average indicates growth was slightly below its
historical trend, and suggests subdued inflationary pressure for the coming
year, the Chicago Fed said.
Index subcategories:

Contribution to monthly index

in July 10 in June 10
Employment Flat -0.14
Consumption and housing -0.43 -0.46
Production and income: 0.43 -0.16
Sales, orders, inventory Flat 0.06

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.

Chicago Fed national activity index at zero in July