Chicago Fed National Activity "Index Suggests Slower, but Still Well-Above-Average Growth in July"

Note: This is a composite index of other data. From the Chicago Fed: Index Suggests Slower, but Still Well-Above-Average Growth in July Led by some moderation in the growth of production- and employment-related indicators, the Chicago Fed National Activity Index (CFNAI) declined to +1.18 in July from +5.33 in June. Three of the four broad categories of indicators used to construct the index made positive contributions in July, but all four categories decreased from June. The index's three-month moving average, CFNAI-MA3, rose to +3.59 in July from –2.78 in June . emphasis added This graph......(read more)

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