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 [...]