Index Shows Economic Growth Remained Below Average in May
Last Updated: 06/23/11
Led by improvements in production-related indicators, the Chicago Fed National Activity Index increased to –0.37 in May from –0.56 in April. Two of the four broad categories of indicators that make up the index improved from April, but only the production and income category made a positive contribution to the index in May. Employment-related indicators made a small negative contribution to the index for the second straight month.