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National economic activity grew in May, Chicago Fed finds

National economic activity grew in May, according to the Chicago Federal Reserve National Activity Index. The index looks at 85 indicators that fall under four categories such as 'employment, unemployment, and income' and 'sales, orders, and inventories.'

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This chart shows that the national economic activity strengthened in May with the index rising to a very weak level of 0.21 from a level of -0.15 in April while the three month moving average worsened to a weak level of 0.18.

The latest release of the聽聽indicated that the national economic activity strengthened in May with the index rising to a very weak level of 0.21 from a level of -0.15 in April while the three month moving average worsened to a weak level of 0.18.聽

The CFNAI is a weighted average of 85 indicators of national economic activity collected into four overall categories of 鈥減roduction and income鈥�, 鈥渆mployment, unemployment and income鈥�, 鈥減ersonal consumption and housing鈥� and 鈥渟ales, orders and inventories鈥�.聽

The Chicago Fed regards a value of zero for the total index as indicating that the national economy is expanding at its historical trend rate while a negative value indicates below average growth.聽

A value at or below -0.70 for the three month moving average of the national activity index (CFNAI-MA3) indicates that the national economy has either just entered or continues in recession.聽

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