Chicago Fed National Activity Index, December 05

The Chicago Fed National Activity Index for December 2005, published 25 January, was +0.08, down from +0.59 in November. Two of the four broad categories of indicators that make up the index made small positive contributions, and two made small negative ones.

The three-month moving average, CFNAI-MA3, was +0.55 in December, up from +0.26 in November. This increase largely reflects the fact that the hurricane-related decline in September's CFNAI is no longer entering the three-month moving average

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