The Chicago Fed National Activity Index for February reversed to negative 0.64 from a revised negative 0.04 reading in January, originally reported as positive 0.02.

Meanwhile, the three-month moving average, or CFNAI-MA3, improved to negative 0.39 in February, up from January’s revised negative 0.13 reading, initially reported as negative 0.16, the Federal Reserve Bank of Chicago reported yesterday.

In February 2009, the index was negative 2.48, while the CFNAI-MA3 was negative 3.47.

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