CFNAI: Chicago Fed Data Continues to Suggest Slowdown
cfnai_june2007.pdf (application/pdf Object)
The Chicago Fed National Activity Index was –0.22 in May, up from –0.30 in April. All four broad categories of indicators made negative contributions to the index in May. However, contributions from three categories—employment, housing and consumption, and sales, orders, and inventories—improved in May from April.
The pace of economic activity is in line with a slowdown more so than a recession, at least for now. I am also going to try a new format for trying to classify all of the economic data points as they come in. This will be a work in progress for some time, and I would appreciate suggestions for improvement. As the list fills out, it may help to give a picture of how the overall trends are running.
All suggestions are welcome.
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