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Title: United States Chicago Fed National Activity Index
Source:
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URL Source: https://tradingeconomics.com/united ... go-fed-national-activity-index
Published: May 28, 2020
Author: Tyler Durden
Post Date: 2020-05-28 17:22:25 by Horse
Keywords: None
Views: 277
Comments: 1
The Chicago Fed National Activity Index in the US slumped to a record low of -16.74 in April of 2020 from a downwardly revised -4.97 in March. Figures pointed to a record contraction in activity, due to the coronavirus pandemic, led by declines in production and employment-related indicators although all four broad categories of indicators used to construct the index made negative contributions in April, and all four categories decreased from March. The three-month moving average decreased to -7.22 in April from -1.69 in March, pointing to an increasing likelihood of a recession.
Poster Comment:
Contraction is coming. Tell those lockdown idiots that 3 million Americans starved to death in the 1930s. There were only 123 million people in the country in 1929.
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The light that burns twice as bright, burns half as long. - Dr. Eldon TyrellGodfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner.
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936)
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