Chicago Fed national index negative in April

USA - The Federal Reserve Bank of Chicago said on Thursday its National Activity Index was mired in negative territory for the 22nd consecutive month in April at a level of -0.22.

That followed a downwardly revised index of -0.31 in March. Initial positive readings for February and March were erased by data revisions.

The three-month moving average index, which smooths out month-to-month fluctuations, deteriorated slightly in April, falling to -0.24 from March's downwardly revised -0.19.

The Chi