Chicago Fed: National activity Index points to growth near historical trend in July

"The Chicago Fed National Activity Index (CFNAI) moved down to –0.01 in July from +0.16 in June," the Federal Reserve Bank of Chicago said on Monday.

Key quotes:

• Three of the four broad categories of indicators that make up the index decreased from June
• Three of the four categories made negative contributions to the index in July
• The contribution from production-related indicators to the CFNAI decreased to –0.02 in July from +0.03 in June
• Employment-related indicators contributed +0.09 to the CFNAI in July, down from +0.13 in June
• Nonfarm payroll employment increased by 209,000 in July after rising by 231,000 in June
• The contribution of the personal consumption and housing category to the CFNAI edged up to –0.06 in July from –0.07 in June