October Chicago Fed National Activity Index Declines Unexpectedly-January 2024-www.financetom.com

October Chicago Fed National Activity Index Declines Unexpectedly

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October Chicago Fed National Activity Index Declines Unexpectedly

Nov 25, 2024 5:49 AM

08:38 AM EST, 11/25/2024 (MT Newswires) -- The Chicago Federal Reserve Bank's monthly National Activity Index fell to a reading of minus 0.40 in October from minus 0.27 in September, compared with expectations for an increase to a reading of minus 0.20 in a survey compiled by Bloomberg as of 7:35 am ET.

The three-month moving average decreased to minus 0.24 from minus 0.21.

Of the 85 individual indicators, 30 made positive contributions to the index in October, while 55 made negative contributions. Some 35 indicators improved in the month, while 48 indicators deteriorated and two were unchanged.

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