domestic activity worsens in October

domestic activity worsens in October

It slows down the growth of US economic activity. The index FED Chicago on National Activity (CFNAI) it is equal to -0.5 points in October 2022, compared to +0.2 points in September (data revised from +0.1). The data is even worse than the expectations of analysts who expected a drop of 0.3%.

There three-month moving averagealso in September, reached +0.09 points compared to +0.19 points in September.

The CFNAI index is a weighted average of 85 indicators that reflect the health of national economic activity.

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