The 3-month moving average of the Chicago Fed National Activity Index (CFNAI) came in at -0.10. This is the 8th consecutive negative reading going back to June, 2010.
The numbers are not in recession territory, but they also don't show much strength or momentum in the recovery. More like treading water.
Doug Short has some great charts on the CFNAI showing the long term trend line is still down.
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