Chicago Fed (May) national activity index -0.26 vs 0.20 est

Chicago Fed national activity index for the month of May.

• National activity index negative miss. The index comes in at -0.26 vs 0.20 est.
• The prior month was revised higher to 0.57 vs 0.49
• The 3 month average fell to 0.04 from 0.21 last month (was 0.23 previously).

The index draws from 85 economic indicators.

A reading below 0 indicates below trend growth and a sign of easing pressure on future inflation.

32 of 85 made positive contributions this month.

53 of 85 made negative contributions this month.