Chicago Fed (June) national activity index 0.13 vs 0.35 est

The Chicago Fed national index rose to 0.13 from last months -0.30, but was below the estimate of 0.35.

• The index draws from 85 economic indicators
• Advance in production-related indicators 
• All four broad categories of indicators that make up the index increased from May
• The index's three-month moving average, CFNAI-MA3, increased to +0.06 in June from -0.04 in May
• The CFNAI Diffusion Index, which is also a three-month moving average, increased to +0.01 in June from -0.08 in May
• Forty of the 85 individual indicators made positive contributions to the CFNAI in June, while 45 made negative contributions
• Fifty-six indicators improved from May to June, while 28 indicators deteriorated and one was unchanged
• The contribution from production-related indicators to the CFNAI increased to +0.09 in June from -0.16 in May
• Employment-related indicators contributed +0.06 to the CFNAI in June, up from -0.05 in May
• The contribution of the personal consumption and housing category to the CFNAI edged up to -0.04 in June from -0.09 in May