US Chicago Fed National Activity Index Dec: 0.52 (est 0.10; prevR 0.31; prev 0.27)

 US Chicago Fed National Activity Index Dec: 0.52 (est 0.10; prevR 0.31; prev 0.27)



Nice beat from CFNAI. Data is through Jan 21st. Production-related indicators contributed +0.44 to the CFNAI in December, up from +0.13 in November.  Sales, orders, and inventories moved down to +0.05 in December from +0.09 in November. Employment-related indicators +0.13 in December, down slightly from +0.15 in November. Personal consumption and housing category decreased to –0.09 in December from –0.06 in November. On balance, consumption indicators weakened, pushing down the category’s overall contribution in December.

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