GOVERNMENT REPORT
The Chicago Fed National Activity Index (CFNAI) is a monthly index designed to better gauge overall economic activity and inflationary pressure. The index is composed of 85 economic indicators from four broad categories of data: production and income; employment, unemployment and hours; personal consumption and housing; and sales, orders and inventories.
JUNE REPORT
The U.S. economy grew at a below-average historical pace in June for the second consecutive month. Growth slowed in June for the second consecutive month, showing signs of a slowdown. The Chicago Fed National Activity Index stood at minus 0.19 in June, unchanged from May. A zero value for the monthly index is associated with the economy expanding at its average trend. Economists expected the index to come in at 0.01.
Production-related indicators drove the decline in the overall index, contributing by minus 0.20 in June compared with minus 0.17 in May as industrial production fell 0.2% on month.
