Chicago Fed May national activity index +0.29 vs +0.70 expected
Chicago Fed nation activity index
- Prior was +0.24 (revised to -0.09)
- March revised to +2.22 from +1.71
- Fifty-seven indicators improved from April to May, while 27 indicators deteriorated and one was unchanged.
Categories on personal consumption broadly deteriorated, which is exactly what you would expect after stimulus cheques wore off.
This indicator is an aggregate of already-published data and is never a market mover but can offer a decent snapshot of trailing economic activity.