The Chicago Fed reports that its national activity index improved to a reading of -0.30 in May from a -0.52 reading in April. The below zero reading suggests that the index is below its historical trend, and is the third such month in a row.
33 of the 85 individual indicators made positive contributions to the CFNAI in May, while 52 made negative contributions. 49 indicators improved from April to May, while 35 indicators
deteriorated. Of the indicators that improved, 25 made negative contributions.