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Chicago Fed National Activity Index, August 2002
CFNAI Indicates Economy Slowed in August
In August, the Chicago Fed National Activity Index (CFNAI) fell to its lowest level since December 2001, largely as a result of weakness in the production- and employment-related data. The monthly index came in at –0.44 in August, down from its upward revised value of –0.04 in July. The three-month moving average index, CFNAI-MA3, fell to –0.13 in August from its upward revised value of +0.03 in July.
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