NASDAQ (06/25/12) Doug Cameron
Production declined sharply in May, according to the Federal Reserve Bank of Chicago’s National Activity Index. The overall index fell from a revised 0.08 in April to -0.45 in May. Production-related indicators fell from 0.42 in April to -0.20 in May. Consumption and housing indicators were little changed at -0.25. Negative readings point to below-trend growth.