Chicago national activity index improves to -0.04 in November

(Sharecast News) - The Chicago Federal Reserve's national activity index improved to ‑0.04 in November up from October's ten-month low of ‑0.42 and pointing to a pickup in US economic activity. The production component swung to a +0.08 contribution from a ‑0.26 reading in October, while sales, orders and inventories held steady at ‑0.03.

Employment indicators contributed ‑0.07, compared with ‑0.11 in the prior month, and the personal consumption and housing category edged up to ‑0.02 from ‑0.03.

The CFNAI diffusion index, a three‑month moving average, also strengthened, improving to ‑0.24 in November, up from ‑0.43 in October.







Reporting by Iain Gilbert at Sharecast.com