Sun02012015

Last updateFri, 30 Jan 2015 2pm

Back You are here: Home News Industry Headlines Manufacturing & The Economy U.S. Economy Underperforming According to Chicago Fed

Manufacturing & The Economy

U.S. Economy Underperforming According to Chicago Fed

The Chicago Federal Reserve Bank’s National Activity Index (NAI) showed an increase from -0.23 in June to -0.15 in July. This was the fifth consecutive month with an index reading below zero. Negative numbers indicate that the U.S. economy is growing below its historical trend, and when the 3-month moving average falls below -0.70, the risk of recession is increased.

Manufacturing production declined 0.1% in July, while housing continued to reduce the index because residential activity remains below its potential. In July, both housing starts and permits were higher than the month before, but higher mortgage rates have dampened growth rates somewhat.

Source: NAM

New Products

 

Valve Magazine Digital Edition

15 WNT CVR 160x214Inside the Winter 2015 issue…

• Your Control Systems Are at Risk!
• Building a Better Workforce
• Focus on the Offshore Market
• Forgings: Quality with a Cost

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL

ephedrine hydrochloride anadroll anavar profile best place to buy hcg injections anabolic compounds