The Chicago Fed National Activity Index for August slipped to negative 1.59 from a revised negative 0.93 reading in July, originally reported as negative 0.67.

Meanwhile, the three-month moving average — CFNAI-MA3 — dropped to negative 1.09 in August from July’s revised negative 0.92 reading, initially reported as negative 0.80, the Federal Reserve Bank of Chicago reported yesterday.

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