By Kimberly Chin 
 

The Chicago Fed National Activity Index fell in September, as the pace of growth from production-related indicators slowed down.

The index, which provides a snapshot of national economic activity and inflation pressures, was 0.17 in September, compared with 0.27 in August.

A value of zero for the monthly index is associated with the national economy expanding at its historical average. Positive values reflect above-average growth while negative values reflect below-average growth.

The index is comprised of a weighted basket of 85 indicators across four broad categories of the economy: production and income; sales, orders and inventories; employment, unemployment and hours; and personal consumption and housing.

In all, 46 of the 85 indicators improved in September from the previous month, while 39 declined.

The production-related indicators made a negative contribution to the overall index, moving down to 0.11 in September from 0.16 in August while the employment-related indicators made a positive contribution to the index at 0.07, up from 0.06 in August.

The index's three-month moving average fell to 0.21 in September from 0.27 in August.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

October 22, 2018 08:44 ET (12:44 GMT)

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