Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
National Activity Index For September Increases
CHICAGO, Ill. (11/13/13)--A prominent measure of economic production increased slightly in September.
 
The Federal Reserve Bank of Chicago released its September National Activity Index data on Tuesday, showing a modest rise in the indicator to 0.14, up from 0.13 in August.
 
Production-related components of the index rose to 0.19 in September, up from 0.17 in August, while a subset measure of sales, orders and inventories was up to 0.05 from 0.04. Rounding out the composite index, a gauge of consumption and housing fell to -0.18 from -0.17, while a measure of employment held steady at 0.08 (4-traders.com Nov. 12).
 
The three-month moving average of the index also increased in September to -0.03 from -0.15, although the index remaining less-than-zero indicates that growth is historically sluggish. This was the seventh straight month that the moving average gave a negative reading, indicating that inflation should be modest over the next year (Moody's Economy.com Nov. 12).
 
The modest September gains, however, don't account for October's partial government shutdown. October's index will be released by the Chicago Fed on Nov. 27, two days behind schedule. September's findings were originally scheduled to be released on Oct. 21.
 
Some measures show that the shutdown had only a temporary effect on key components of the economy, although another round of congressional budget negotiations in early 2014 could hamper the aggregate demand, and labor and financial markets (Economy.com, Nov. 12).


RSS





print
News Now LiveWire
Gas prices have fallen for a record 88 days in a row says @AAAnews via @washingtonpost http://t.co/c52VTdqHEB
2 hours ago
.@TheNCUA releases regulatory modernization initiative results (PDF link) http://t.co/pgLZe4aget
2 hours ago
#FinCEN seeks nominations of FIs, trade groups for membership on Bank Secrecy Act advisory group http://t.co/l5w58c277W
3 hours ago
MI pediatric dentist pledges $20K match to Hurley Children's Hospital if it wins @CUDirect's 20 for 20 http://t.co/Eq2nIPm6jo
4 hours ago
Kids learn budgeting with M&Ms http://t.co/SzXipTLX12
4 hours ago