Highlights of Chicago Fed national productivity index for August

  • Chicago national Fed activity index 0.18 versus 0.20 estimate
  • prior month was revised to 0.18 from 0.13

With the revision, the index is unchanged. It is neither at the high or the low (but I guess closer to the high). It did dip toward -0.5% earlier in the year but also near 0.80 at the high too.

It's also a low-tier indicator that isn't going to move markets.