Oct Chicago Fed National Activity Index: -0.56 vs. 0.00 prior (revised). The index's 3-month...

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bbro Comments (7830)
 
Pretty nasty...but August rolls off next month however November should be bad due to Sandy
26 Nov 2012, 08:33 AM Reply Like

GaltMachine Comments (914)
 
bbro,

Calculated Risk always has a nice discussion of this indicator:

http://bit.ly/QGmipd

I keep reading that GDP for Q3 is going to be revised up to around 2.8% at this next reading. Clearly that seems inconsistent with a variety of leading and concurrent data that we have been saying lately.

Seems its primarily due to housing and a bit of an inventory build.

What do you think?
26 Nov 2012, 09:15 AM Reply Like

bbro Comments (7830)
 
Q3 is likely correct...Q4 should be nasty but is it a one-off??
26 Nov 2012, 12:15 PM Reply Like