November's update of the Chicago Fed National Activity Index was released today. The current number for November of -2.47 wasn't as bad as September's low (-3.74), but worse then October's bounce-back level (-1.27), dragging the 3-month moving average to -2.49 from -2.40 the previous month.
This isn't too much of a surprise given the significant deterioration in the last non-farm payrolls data announced earlier this month, including the revisions announced to earlier months.
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