Improves from last months -0.56 revised from -0.51

The Chicago Fed national activity index moved positive in June. Led by improvements in production related indicators. Three of four broad categories increased in May and 2 of the 4 contributed to the gain in June.

  • Production related indicators rose to +0.18 from -0.29 in May
  • Total industrial production rose 0.6% vs -0.3% in May
  • Manufacturing production increased +0.4% vs -0.3% decline in May
  • Sales, orders and inventories was near 0.0% vs -0.04 in May.
  • Employment contributed +0.06 in June vs -0.14 in May.

The CFNAI was constructed using data available as of July 19, 2016. At that time, June data for 50 of the 85 indicators had been published. For all missing data, estimates were used in constructing the index. The May monthly index value was revised to -0.56 from an initial estimate of -0.51, and the April monthly index value was revised to +0.04 from last month's estimate of +0.05