US: National Activity Index points to a pickup in economic growth in June - Chicago Fed

Eren Sengezer FXStreet

"Led by increases in production-related indicators, the Chicago Fed National Activity Index (CFNAI) moved up to +0.13 in June from –0.30 in May," said the Federal Reserve Bank of Chicago on Thursday.

Key quotes:

The contribution from production-related indicators to the CFNAI increased to +0.09 in June from –0.16 in May
Total industrial production increased 0.4 percent in June after moving up 0.1 percent in May
Employment-related indicators contributed +0.06 to the CFNAI in June, up from –0.05 in May
The contribution of the personal consumption and housing category to the CFNAI edged up to –0.04 in June from –0.09 in May

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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