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September 23, 2013

Little, if any, Sign of Economic Growth

September 23, 2013

Little, if any, Sign of Economic Growth

Chicago Federal National Activity Index (August 2013)

– Index level +0.14.  Previous revised to -0.43 from -0.15

– 3-Month Average -0.18.

The nominal gain was more than offset by the twice as large downward revision to July.  This Index – produced by the Chicago Fed – is a weighted average of 85 monthly indicators of national economic activity.

PMI Manufacturing Index Flash

– Index Level 52.8.  Previous was 53.9.

Manufacturing is growing but the rate of growth is slowing.