By Emon ReiserU.S. economic growth picked up pace in November as production improved, data from the Federal Reserve Bank of Chicago showed Tuesday. The Chicago Fed National Activity Index rose to 0.03 in November, improving from a revised minus 0.66 in October, with the majority of indicators marking improvement. The reading below zero suggests economic activity is expanding at a slightly slower rate than its average historical trend. The contribution of the sales, orders and inventories category also moved up to minus 0.03 from minus 0.11 in the previous month. The index's headline three-month moving average also moved up to minus 0.20 from minus 0.26 in October.

Source: Wall Street Journal December 26, 2023 13:49 UTC