Posted August 27, 2018

Economic growth moderates in July

Led by slower growth in production-related indicators, the Chicago Fed National Activity Index declined to +0.13 in July from +0.48 in June. 

The contribution from production-related indicators to the index declined to +0.05 in July from +0.45 in June. Total industrial production edged up 0.1 percent in July after rising 1.0 percent in June. The sales, orders, and inventories category made a contribution of +0.03 to the CFNAI in July, down slightly from +0.06 in June.