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

Oct Chicago Fed National Activity Index: -0.56 vs. 0.00 prior (revised). The index's 3-month moving average decreased to -0.56%, from a level of -0.36% in Sep.
Comments (3)
  • bbro
    , contributor
    Comments (10235) | Send Message
     
    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
    , contributor
    Comments (1269) | Send Message
     
    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
    , contributor
    Comments (10235) | Send Message
     
    Q3 is likely correct...Q4 should be nasty but is it a one-off??
    26 Nov 2012, 12:15 PM Reply Like
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