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Chicago Fed’s National Activity Index Slides in May

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.