- Analytics
- News and Tools
- Market News
- Chicago Fed National Activity Index increases to 4.11 in June
Chicago Fed National Activity Index increases to 4.11 in June
The Chicago
Federal Reserve announced on Tuesday the Chicago Fed national activity index
(CFNAI), a weighted average of 85 different economic indicators, came in at 4.11
in June, up from an upwardly revised 3.50 in May (originally 2.61), pointing to
a further increase in economic growth.
At the same
time, the index’s three-month moving average moved up to -3.49 from -6.36 in
May.
According to
the report, three of the four broad categories of indicators used to construct
the index made positive contributions in June, and two of the four categories rose
from May
Production-related
indicators made a positive contribution of 2.22 to the CFNAI in June, up from +0.84
in May. Employment-related indicators contributed +1.74 to the CFNAI in June,
up from +1.73 in May. Meanwhile, the contribution of the sales, orders, and
inventories category to the CFNAI decreased to -0.24 in June from +0.04 in May.
The contribution of the personal consumption and housing category to the CFNAI improved
decreased to +0.40 in June from +0.89 in May.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
