Chicago Fed "Index points to a pickup in economic growth in May"

From the Chicago Fed: Index points to a pickup in economic growth in May Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to –0.05 in May from –0.48 in April . Three of the four broad categories of indicators that make up the index increased from April, but only one of the four categories made a positive contribution to the index in May. The index's three-month moving average, CFNAI-MA3, moved up to –0.17 in May from –0.37 in April. emphasis added This graph shows the Chicago Fed National Activity Index (three month moving average)......(read more)

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