Chicago Fed National Activity Index For June At -0.63
Chicago Fed National Activity Index For June was reported at -0.63 vs. May reading of +0.28. Chicago Fed National Activity Index 3-month moving average was at -0.05.
When the CFNAI three month moving average value moves below–0.70 following a period of economic expansion, there is an increasing likelihoodthat a recession has begun.
Led by deterioration in production- and employment-related indicators, theChicago Fed National Activity Index declined to –0.63 in June, down from +0.31in May. Three of the four broad categories of indicators that make up the indexmade negative contributions in June, while the sales, orders, and inventoriescategory made the lone positive contribution.
Chart 1. Chicago Fed National Activity Index
Chicago Fed