CFNAI Declines To +0.12 In June

The Chicago Fed’s National Activity Index was a reading of +0.12 in June, from May’s revised reading of +0.16. The positive figure indicates that the index is above its historical trend. The index’s 3-month moving average is at +0.13.

44 of the 85 individual indicators made positive contributions to the CFNAI in June, while 41 made negative contributions. 40 indicators improved from May to June, while 43 indicators deteriorated and 2 were unchanged. Of the indicators that improved, 12 made negative contributions.