Chicago Fed National Activity Index rose sharply in December
Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) moved up to +0.27 in December from +0.11 in November. The index’s three-month moving average, CFNAI-MA3, ticked down to +0.42 in December from +0.43 in November.
Univ. of Michigan: Consumer sentiment dips in preliminary January survey
While the preliminary January reading for the Sentiment Index was largely unchanged from last month (-1.5%), consumers evaluated current economic conditions less favorably (-4.6%). This small decrease in current conditions produced a small overall decline.
January Empire State Manufacturing Survey shows declines from December
Economic growth continued in January, according to the firms responding to this month’s Manufacturing Business Outlook Survey. The broadest measures of current conditions remained positive this month, although indexes for general activity, new orders, and employment declined from their readings in December.