"Chicago Fed National Activity Index suggests economic growth fell substantially in April"

From the Chicago Fed: Chicago Fed National Activity Index suggests economic growth fell substantially in April Led by declines in production- and employment-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –16.74 in April from –4.97 in March. All four broad categories of indicators used to construct the index made negative contributions in April, and all four categories decreased from March. The index's three-month moving average, CFNAI-MA3, decreased to –7.22 in April from –1.69 in March . Following a period of economic expansion, an increasing likelihood of a......(read more)

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