Posted June 21, 2022

Chicago Fed: Economic growth declined in May

The Chicago Fed National Activity Index fell to +0.01 in May from +0.40 in April.

Two of the four broad categories of indicators used to construct the index made negative contributions in May, and two categories deteriorated from April.

The index’s three-month moving average decreased to +0.20 in May from +0.40 in April.

The CFNAI Diffusion Index, which is also a three-month moving average, moved down to +0.27 in May from +0.39 in April.

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