Chicago Fed: US economy at near-recession level

The Chicago Federal Reserve National Activity Index fell notably in October 2012, slumping to?a near-recessionary level of -0.56.

By SoldAtTheTop,?Guest blogger / November 26, 2012

This graph shows the Chicago Federal Reserve National Activity Index since 2000. The index indicated pronounced weakness for the US economy in October 2012.

SoldAtTheTop

Enlarge

The latest release of the?Chicago Federal Reserve National Activity Index (CFNAI)?indicated pronounced weakness for the national economy with the index falling notably from the prior month to stand at a near-recessionary level of -0.56 while the three month moving average also slumped to -0.56.?

Skip to next paragraph SoldAtTheTop

Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

Recent posts

' + google_ads[0].line2 + '
' + google_ads[0].line3 + '

'; } else if (google_ads.length > 1) { ad_unit += ''; } } document.getElementById("ad_unit").innerHTML += ad_unit; google_adnum += google_ads.length; return; } var google_adnum = 0; google_ad_client = "pub-6743622525202572"; google_ad_output = 'js'; google_max_num_ads = '1'; google_feedback = "on"; google_ad_type = "text"; google_adtest = "on"; google_image_size = '230x105'; google_skip = '0'; // -->

Subscribe Today to the Monitor

Click Here for your FREE 30 DAYS of
The Christian Science Monitor
Weekly Digital Edition

The CFNAI is a weighted average of 85 indicators of national economic activity collected into four overall categories of ?production and income?, ?employment, unemployment and income?, ?personal consumption and housing? and ?sales, orders and inventories?.?

The Chicago Fed regards a value of zero for the total index as indicating that the national economy is expanding at its historical trend rate while a negative value indicates below average growth.?

A value at or below -0.70 for the three month moving average of the national activity index (CFNAI-MA3) indicates that the national economy has either just entered or continues in recession.?

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on paper-money.blogspot.com.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/EyEvO4nV7eo/Chicago-Fed-US-economy-at-near-recession-level

columbus day columbus day Stacy Dash Amber Tamblyn Lilit Avagyan Nashville TV Show VP debate