Production & Retail Up

Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) increased in June from May. The index’s three month moving average (CFNAI-MA3) increased to -.026 in june from -0.37 in May, marking its fourth consecutive reading below zero. June’s CFNAI-MA3 suggests growth in national economic activity was below its historical trend. The [...]

2013-07-29T15:11:59-04:00A View|

Overall Growth for 49 Consecutive Months

The Institute for Supply Management  June Report on Business Economic activity in the manufacturing sector expanded in June following one month of contraction, and the overall economy grew for the 49th consecutive month. The Purchasing Manager Index (PMI) registered 50.9 percent; an increase of 1.9 percentage points from May’s reading of 49 percent, indicating expansion [...]

2013-07-05T17:08:07-04:00A View|
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