Chicago Fed National Activity Index rose to 0.12 in July.
The US Dollar Index prints daily highs above 103.70 after US economic reports.
The Federal Reserve Bank of Chicago's National Activity Index (CFNAI) rose to 0.12 in July from -0.33 in June (revised from -0.32). The index is back in positive territory after two months.
Key takeaways from the report:
“Production-related indicators contributed 0.18 to the CFNAI in July, up from –0.36 in June. Industrial production increased 1.0 percent in July after decreasing 0.8 percent in the previous month.”
“The contribution of the sales, orders, and inventories category to the CFNAI moved down to –0.05 in July from 0.02 in June.”
“Employment-related indicators contributed –0.02 to the CFNAI in July, down slightly from 0.01 in June
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