June Showed Higher Economic Activities

By Liz Clinger Updated on 7/23/2012

According to the Chicago Federal Reserve Bank’s most recent National Activity Index, heightened activity levels in production-related indicators and a better housing outlook helped balance economic activity during the month of June.

The CFNAI index with a score of zero or above shows an expanding economy at its historical rate of growth while negative scores show a below average growth. June scored -.15 a good increase from May’s score of -.48.

The CFNAI’s 85 economic indicators showed 40 positive vs. 45 negative in June’s numbers. From May to June, 43 indicators showed a decline while 42 showed positive growth.

Consumption and housing was a large contributor to overall growth in the economy, with its index up from negative 26 to reach negative 23 in June.

Housing starts reached 760,000 in June compared to May’s 711,000, while housing permits declined to 755,000 from May’s 784,000.

Employment barely moved in the survey, reaching on 80,000 from May’s 77,000.
According to a statement by the Chicago Fed, the growth in economic activity was below its historical trend and suggests subdued inflationary pressure from economic activity over the coming year.

According to the Chicago Federal Reserve Bank’s most recent National Activity Index, heightened activity levels in production-related indicators and a better housing outlook helped balance economic activity during the month of June.

The CFNAI index with a score of zero or above shows an expanding economy at its historical rate of growth while negative scores show a below average growth. June scored -.15 a good increase from May’s score of -.48.

The CFNAI’s 85 economic indicators showed 40 positive vs. 45 negative in June’s numbers. From May to June, 43 indicators showed a decline while 42 showed positive growth.

Consumption and housing was a large contributor to overall growth in the economy, with its index up from negative 26 to reach negative 23 in June.

Housing starts reached 760,000 in June compared to May’s 711,000, while housing permits declined to 755,000 from May’s 784,000.

Employment barely moved in the survey, reaching on 80,000 from May’s 77,000.
According to a statement by the Chicago Fed, the growth in economic activity was below its historical trend and suggests subdued inflationary pressure from economic activity over the coming year.