Chicago Fed: Index shows "Economic growth picked up in July"

The Chicago Fed released the national activity index (a composite index of other indicators): Index shows economic growth picked up in July Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.34 in July from –0.07 in June . Two of the four broad categories of indicators that make up the index increased from June, and three of the four categories made positive contributions to the index in July. The index's three-month moving average, CFNAI-MA3, edged up to a neutral reading in July from –0.08 in June. July's CFNAI-MA3 suggests that......(read more)

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