Econoday Economic Report: Chicago Fed National Activity Index October 24, 2011

2011 Economic Calendar

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Chicago Fed National Activity Index

Released On 10/24/2011 8:30:00 AM For Sep, 2011

	Prior	Prior Revised	Actual
3 Month Moving Average	-0.28	-0.28	-0.21
Level	-0.43	-0.59	-0.22

Highlights
The national activity index improved to minus 0.22 in September from a revised minus 0.59 in August, still below zero to indicate below trend growth for the sixth straight month. The three-month average improved to minus 0.21 from an unrevised minus 0.28.

Employment-related indicators moved to slightly positive ground as did production-related indicators. Sales, orders & inventories also moved to the positive side. Consumption & housing improved slightly but remains deeply negative.

Definition
The Chicago Fed National Activity Index (CFNAI) is a monthly index designed to better gauge overall economic activity and inflationary pressure. The CFNAI is a weighted average of 85 existing monthly indicators of national economic activity. It is constructed to have an average value of zero and a standard deviation of one. Since economic activity tends toward trend growth rate over time, a positive index reading corresponds to growth above trend and a negative index reading corresponds to growth below trend. (Federal Reserve Bank of Chicago) Why Investors Care

2011 Release Schedule

Released On: 1/27 2/24 3/21 4/28 5/23 6/23 7/25 8/22 9/26 10/24 11/21 12/22

Release For: Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov