US: Chicago Fed National Activity Index improves to 0.27 in July from -0.25

Chicago Fed National Activity Index moved into positive territory in July.

US Dollar Index clings to daily gains above 108.00 after the data.

The Federal Reserve Bank of Chicago's National Activity Index (CFNAI) improved to 0.27 in July from -0.25 (revised from -0.19) in June.

"The CFNAI Diffusion Index, which is also a three-month moving average, edged up to –0.05 in July from –0.08 in June," the publication further read. "Fifty-five of the 85 individual indicators made positive contributions to the CFNAI in July, while 30 made negative contributions. Fifty-five indicators improved from June to July, while 30 indicators deteriorated. Of the indicators that improved, 17 made negative contributions."

Market reaction

This report failed to trigger a noticeable market reaction and the US Dollar Index was last seen rising 0.26% on a daily basis at 108.40.

WANT TO DIRECT TALK TO OUR MARKET EXPERT CONTACT MONEY LIFE RESEARCH