Chicago Fed: Economic Activity Weakened in August

The Chicago Fed National Activity Index (CFNAI) has been decreasing at an increasing rate since March 2010. Economic activity is either rising or falling at an increasing rate. The calls for another New Deal II will intensify as the economy continues to stall in 2010-2011.

Chicago Fed National Activity Index (CNFAI) and S&P 500 Average:

Led by declines in production- and employment-related indicators, the Chicago Fed National Activity Index decreased to –0.53 in August from –0.11 in July. None of the four broad categories of indicators that make up the index made a positive contribution in August.

Source: chicagofed.org

Thanks Bob.