Chicago Fed National Activity Index
Released On 6/23/2014 8:30:00 AM For May, 2014
Prior Prior Revised Actual
Level -0.32 -0.15 0.21
3 Month Moving Average 0.19 0.31 0.18
Highlights
Boosted by a jump in production, specifically the manufacturing component of the industrial production report, the Chicago Fed's national activity index moved back into the plus column, to plus 0.21 vs April's revised minus 0.15. The contribution from sales/orders/inventories moved into the slightly positive ground while the positive contribution from employment fell back in May following April's one-month surge for payroll growth. Consumption & housing, pulled down by weakness in housing starts & permits, moved deeper into the minus column. Despite the overall gain for May, the 3-month average slowed to plus 0.18 from a revised 0.31 in April.