Chicago Fed National Activity Index, June 2006

The Chicago Fed National Activity Index for June 2006, published 26 July, was +0.34 in June, up from -0.14 in May. Three of the four broad categories of indicators made positive contributions to the index.

The three-month moving average, CFNAI-MA3, was +0.11 in June, the same as in May. A CFNAI-MA3 reading above zero is associated with above-trend economic growth; accordingly, the CFNAI-MA3 value of +0.11 in June suggests that growth in national economic activity was above its historical trend

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