Uncertainty, Uncertainty, Uncertainty

Led by declines in production and employment related indicators, the Chicago Fed National Activity Index (CFNAI) decreased to -0.23 in March from +0.76 in February. Three of the four broad categories of indicators that make up the index decreased from February. The index’s 3 month moving average, CFNAI-MA3 decreased to -0.01 in March from +0.12 [...]

2013-04-26T20:17:27-04:00A View|

Manufacturing Output: 9 Up, 10 Down

Last Friday (2/15) the Board of Governors of the Federal Reserve system issued a revision to the January 2013 industrial production numbers which showed a contraction of 0.1 percent after having risen 0.4 percent in December and 1.7 percent in November. For the fourth quarter as a whole, manufacturing production as a whole, is now [...]

2013-02-22T22:08:25-05:00A View|
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