The national metric from the Chicago Fed

Chicago Fed national activity index

  • Prior was -16.74 (revised to -17.89)

The Chicago Fed national activity index is a index, like leading indicators, that uses other data that's already public.

From the release:

Led by improvements in production- and employment-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +2.61 in May from -17.89 in April. All four broad categories of indicators used to construct the index made positive contributions in May, and all four categories increased from April. The index's three-month moving average, CFNAI-MA3, moved up to -6.65 in May from -7.50 in April.