Liz Kiesche,
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- May Chicago Fed National Activity Index (“CFNAI”): +0.18 vs. -4.0 expected and -0.25 in April (revised from -0.23).
- Three-month average (“CFNAI-MA3): -0.09 vs. -0.05 prior (revised from +0.01).
- Three of the four broad categories of indicators used to construct the index increased from April, and two categories made positive contributions in May.
- Production-related indicators: +0.23 vs. -0.15 prior.
- Sales, orders, and inventories: -0.02 vs. -0.01 in April.
- Employment-related indicators: 0.0 vs. -0.05 prior.
- Fifty-four indicators improved from April to May, while 29 indicators deteriorated and two were unchanged, the Chicago Fed said. Of the indicators that improved, 14 made negative contributions.
Source: Federal Reserve of Chicago