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Chicago Fed National Activity Surprisingly Firmed In September

US DATA
  • The Chicago Fed national activity index increased by more than the median response from the admittedly small sample of analysts in September, at +0.02 (cons -0.14), but after a downward revised -0.22 (initial -0.16).
  • The monthly movements remain relatively limited by standards of recent years.
  • From the press release: “All four broad categories of indicators used to construct the index increased from August, and two categories made positive contributions in September.”
  • Contributions: Production-related indicators contributed +0.03 from -0.10; sales, orders, and inventories -0.01 from -0.06; employment-related indicators +0.01 up slightly from neutral, and personal consumption and housing -0.01 from -0.06.

Source: Chicago Fed

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