The CFNAI is a weighted average of 85 existing monthly indicators of national economic activity. It is constructed to have an average value of zero and a standard deviation of one.It appears to have been a fairly accurate indicator of past recessions and the current one. Worth a look.
Monday, May 11, 2009
Added Chicago Fed National Activity Index (CFNAI)
This aggregate was suggested by an insightful comment on the Calculated Risk blog. From the Chicago Fed web site:
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