Chicago Fed's National Activity Index improves

The Federal Reserve Bank of Chicago announced on 25 June that its gauge of the national economy, the National Activity Index, although negative in May, was stronger than it was a month ago because as a number of indicators showed an improvement.

The index registered at -0.22 in May against April's reading which was downwardly revised to -0.30 from -0.10.

Out of the four categories on which the index is based, three - employment, housing and sales - improved in May from the previous month.

The th

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