facebook
twitter
rss
account
search
search
 

National business activity index improves in June

July 22, 2013 at 1:23 PM   |   Comments

CHICAGO, July 22 (UPI) -- The Chicago Federal Reserve said Monday the national business activity index rose in June over May.

The monthly index known as the Chicago Fed National Activity Index rose from minus 0.29 in May to minus 0.13 in June. The three-month rolling average for the index -- less volatile than the month-to-month reading -- also rose, climbing from minus 0.37 in May to minus 0.26 in June.

The index is a broad measurement of U.S. business activity, using a weighted average of 85 indicators based in four main categories: Production and income; employment, unemployment and hours; personal consumption and housing; and sales orders and inventories.

The index uses zero to represent average growth. As such, June's index shows growth slightly below the historic trend.

The Chicago Fed said 41 of 85 indicators made positive contributions in June, while 44 made negative contributions.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Boeing announces job relocations, business unit consolidation Boeing announces job relocations, business unit consolidation
2
Outrage over FERC decision on LNG exports Outrage over FERC decision on LNG exports
3
IS oil smugglers will feel wrath, Kurdish leader says IS oil smugglers will feel wrath, Kurdish leader says
4
Thales to research next-gen active radar antenna Thales to research next-gen active radar antenna
5
Exxon says it's safe from Russian sanctions Exxon says it's safe from Russian sanctions
Trending News
x
Feedback