The Chicago Fed national activity index for January turned positive, rising to positive 0.02 from a revised negative 0.58 reading in December, originally reported as negative 0.61.

Meanwhile, the three-month moving average, or CFNAI-MA3, improved to negative 0.16 in January from December’s revised negative 0.47 reading, initially reported as negative 0.61, the Federal Reserve Bank of Chicago reported Monday.

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