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Chicago Fed November Nat'l Activity Index Weaker-Than-Expected

US DATA

Chicago Fed National Activity Index comes in at +0.27 in November, vs +1.01 in October (revised from +0.83) and +0.75 expected. The 3-month moving average decreased to +0.56 from +0.85.

  • Chicago Fed notes that the CFNAI Diffusion index fell to +0.53 in Nov from +0.62 in Oct: "Forty-nine of the 85 individual indicators made positive contributions to the CFNAI in November, while 36 made negative contributions. Twenty indicators improved from October to November, 64 indicators deteriorated, and one was unchanged. Of the indicators that improved, five made negative contributions."

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