The Chicago Fed national activity index for March fell to negative 0.29 from a revised positive 0.07 reading in February, while the three-month moving average, or CFNAI-MA3, declined to positive 0.05 in March from a revised positive 0.37 in February, the Federal Reserve Bank of Chicago reported Thursday.

In March 2011, the index was positive 0.52, while the CFNAI-MA3 was positive 0.16.

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