Posted June 28, 2010
Index: economic activity continued to expand in May
The Chicago Fed National Activity Index edged lower to +0.21 in May from +0.25
in April.
Production indicators continued to make strong contributions to the index in
May, while weaker contributions from employment- and housing-related indicators
accounted for the slight decrease in the index from April.
The index's three-month moving average, CFNAI-MA3, rose to its highest level since March 2006, increasing to +0.28 in May from +0.05 in April. May's CFNAI-MA3 suggests that growth in national economic activity was above its historical trend.
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