US economic growth slowed last month, expanding at a rate that’s moderately below the historical trend, according to the March release of the Chicago Fed National Activity Index, a weighted average of 85 indicators. But the index’s three-month moving average (CFNAI-MA3) posted a somewhat brighter reading: -0.01 for last month. That’s in line with expectations and a signal that the economy is still expanding on par with its historical trend. Nonetheless, CFNAI-MA3 slipped a bit from the revised February reading of +0.12, a change that reflects evidence that the pace of US economic growth slowed last month.
Daily Archives: April 22, 2013
Q1:2013 US GDP Nowcast Update | 4.22.2013
US GDP is expected to increase 3.2%, according to The Capital Spectator’s average econometric nowcast. That’s unchanged from the previous nowcast, published on April 8. (GDP percentage changes are quoted as real seasonally adjusted annual rates.)