Economic Growth Jumps In November, Chicago Fed National Activity Index Shows

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Economic growth improved markedly in November, according to the Chicago Fed national activity index released Monday. The index rose to 0.73 from an upwardly revised 0.31 in October. The three-month average rose to 0.48 from 0.09 in the prior month. This is the highest three-month average since May 2010. The index, a weighted average of 85 different economic indicators, is designed so that readings above zero indicate above-trend growth. When the three-month average exceeds 0.7, there's an increasing likelihood of sustained increasing inflation.

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