Two Regional Fed Reports Show Weakening
Chicago Federal Reserve National Activity Index (August 2012)
– Index Level was -0.87. Previous was -0.12
– 3 Month Moving Average was -0.47
This data is weak showing declines in Industrial Production and Capacity Utilization and indicative of wear 3rdQ2012 GDP growth.
Dallas Federal Reserve Manufacturing Survey (September 2012)
– Business Activity Index was -0.9. Previous was -1.6.
This is a survey index of manufacturers in Texas.