Chicago Fed: "Index shows economic growth slightly below average in May"

The Chicago Fed released the national activity index (a composite index of other indicators): Index shows economic growth slightly below average in May The Chicago Fed National Activity Index (CFNAI) moved up to –0.17 in May from –0.19 in April. Two of the four broad categories of indicators that make up the index increased from April, but only the employment, unemployment, and hours category made a positive contribution to the index in May. The index's three-month moving average, CFNAI-MA3, increased slightly to –0.16 in May from –0.20 in April. May's CFNAI-MA3 suggests that growth in......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/1IZBNzD
via IFTTT