Chicago Fed National Activity Index | June 22, 2023

The Chicago Fed National Activity Index, a measure of overall economic activity and related inflationary pressure, declined in May 2023, slipping to -0.15 from its revised figure of 0.14 in the prior month. This decrease was primarily influenced by a downturn in production-related indicators, which fell to -0.09 from 0.18 in April. Similarly, employment-related indicators contributed to the downward movement, dropping to -0.03 from April's 0.07. #News #MarketUpdate