CFNAI Super Index Improves Marginally In December 2012
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January 22, 2013 - 8:46am
Written by Steven Hansen
The economy strengthened marginally in December 2012 with the Chicago Fed National Activity Index (CFNAI) 3 month moving (3MA) average rising to the highest level since March 2012. The 3MA remains in negative territory (for the last 10 months) - indicating national economic activity was below its historical trend, but above the levels associated with recessions.
The index's trend has changed last month to positive. The Chicago Fed National Activity Index (CFNAI) provides a summary quantitative value for all the economic data being released. However, this index IS NOT accurate in real time (see caveats below) - and it did miss the start of the 2007 recession.
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