Feedback

Subscriber Login

MDM Premium Content  What's this?
Close
Subscribe today to access MDM's premium content with two issues a month of timely and to-the-point content for the busy wholesale distribution executive. Here's what you get:
  • Analysis of distribution trends
  • Interviews with industry leaders
  • Quarterly Public Distributor Report
  • Quarterly Inflation by Commodity Group Report
  • Market and economic data analysis
  • Access to the best online research tool in distribution

And much more! Learn more

login close
Forgot Your Password?
For more precise results try using quotation marks ("") around your search terms. See more search tips.
subscribe_yellow Lock in savings now before June 1 rate increase!
renew_blue


 

Home » Chicago Fed National Activity Index Improves in July

Chicago Fed National Activity Index Improves in July

By    MDM  Staff 
August 24, 2009
More about:  Economic Trends

All four broad categories of indicators improved, with production-related indicators making a positive contribution for the first time since October 2008.All four broad categories of indicators improved, with production-related indicators making a positive contribution for the first time since October 2008.

Text Size
Email Print Reprints
The Chicago Fed National Activity Index was -0.74 in July, up from -1.82 in June. All four broad categories of indicators improved in July, while three of the four continued to make negative contributions to the index. Production-related indicators made a positive contribution to the index for the first time since October 2008 and for only the second time since December 2007.
 
The three-month moving average, CFNAI-MA3, was -1.69 in July, up from -2.18 in the previous month. July’s CFNAI-MA3 suggests that growth in national economic activity was below its historical trend. With regard to inflation, the amount of economic slack reflected in the CFNAI-MA3 indicates low inflationary pressure from economic activity over the coming year.
 
The improvement in the index in July was due in large part to the production and income category of indicators. This category made a contribution of 0.26 to the index in July compared with -0.38 in June. Manufacturing production increased 1.0% in July, its biggest increase since December 2006, following a decline of 0.5% in the previous month. In addition, manufacturing capacity utilization increased to 65.4 in July from 64.7 in June.
 
Employment-related indicators also improved substantially in July, making a contribution of -0.40 to the index versus -0.73 in June. Total nonfarm payroll employment decreased 247,000 in July after declining 443,000 in the previous month, and average weekly initial unemployment insurance claims in July declined by 59,600 from June.
 
The consumption and housing category’s contribution to the index improved in July to -0.49, following a contribution of -0.54 in June. Housing starts decreased slightly to 581,000 annualized units in July from 587,000 in the previous month. However, in the Midwest housing starts increased to 114,000 annualized units in July from 101,000 in June. The sales, orders, and inventories category also improved in July, contributing -0.10 compared with -0.17 in June.
 
Thirty-five of the 85 individual indicators made positive contributions to the index in July, while 50 made negative contributions. Sixty-one indicators improved from June to July, while 23 indicators deteriorated. Of the indicators that improved, 31 made negative contributions. The index was constructed using data available as of August 20, 2009. At that time, July data for 52 of the 85 indicators had been published. For all missing data, estimates were used in constructing the index. The June monthly index was revised to -1.82 from an initial estimate of -1.80.
Print Email Reprints
Use the form below to leave a comment

MDM Digital

Executive Briefing: May 2012Critical Profit Drivers
in Distribution
Al Bates, Profit Planning Group, speaks frankly about the most important factors to driving profit. Watch now.
iPad users: click here to view.		 Economic Update April 2012 Economic Update:
Behind the Moderation
MAPI Economist Cliff Waldman discusses some of the factors behind the slowing economic recovery. Watch now.
7 Minutes With7 Minutes With ...
Bell Electrical Supply
CEO Burt Schraga discusses the importance of building a strong culture in his organization. Watch now.		 More Audio and Video Features from MDM:

  • MDM Podcast

Think About It:
Back to the Basics

We all forget the basics sometimes. Todd Youngblood shares his recent reminder of that fact.

Listen now.

Learn more or subscribe to the Think About It podcast.

  • Featured

USAbrasives-100-for-trifecta

U.S. Abrasives Market Demand Report

This report provides a three-dimensional view into estimated market size, customer segment potential and customer size demographics for the U.S. Abrasives Market.

These three data slices give you deep insight into total market potential and your market share by both customer type and size for the U.S. and all 50 states.

Learn more about the U.S. Abrasives Market Demand Report

Training Resources

Current Issue   Inventory Management   MDM_Special_Report_ecommerce   Benchmarks and Best Practices

Featured Article: What AmazonSupply.com Means for Independent Distributors

$34.95

Buy now >>

Inventory Management Best Practices with Jon Schreibfeder: DVD + Book

$119.00

Buy now >>

The State of E-Commerce and Catalogs in Distribution

$44.95

Buy now >>

Benchmarks & Best Practices: The Answer Book for Growth-Minded CFOs & Controllers

$249.00

Buy now >>
Job Board
Title Company Location
Digital Strategy Manager Border States Electric Fargo North Dakota
Risk Manager Border States Electric Fargo ND
Purchasing Manager PCA SKIN Scottsdale, AZ
BUSINESS DEVELOPMENT MANAGER Graybar Electric Company Denver, CO
INDUSTRIAL OUTSIDE SALES REPRESENTATIVE Graybar Electric Company Phoenix, AZ
General Manager Applied Industrial Technologies Norfolk, VA
Rubber Specialist Applied Industrial Technologies Baltimore, MD
View ALL Wholesale Distribution Job Listings

Industry Topics

Distribution Trends RSS

Economic Trends RSS

Distribution Management & Strategy RSS

Distribution Interviews RSS

Distribution Operations Strategy RSS

Distribution Technology RSS

Distribution & Manufacturing Acquisitions RSS

Distribution Case Studies RSS

Distribution Sales & Marketing RSS

MDM Premium

May 10, 2012  

MDM May 10, 2012, Cover Image

Amazon Makes Its Move

Uncover Unexpected Cross-Selling Opportunities

10 Ways to Measure the Success of Channel Partnerships

subscribe now View Table of Contents >>
Subscribers: Log-in
View Previous Issues


MDM Calendar

Strategic Planning for Distributors

June 7, 2012 - June 7, 2012

Featured Products

answer book for CFOs and Controllers

Benchmarks & Best Practices: The Answer Book for Growth-Minded CFOs & Controllers

Reviews (0)
 
Price: $249.00
An ultra practical idea-guide that gives an inside look at how leading companies are dealing with some of today's toughest financial and business management challenges.
Distribution Landscape Report - 2011

2011 MDM Market Leaders and Distribution Landscape Report

Reviews (0)
 
Price: $295.00
The ideal resource for anyone that wants to get a quick overview of the distribution landscape and the top players in major sectors! Includes the 2011 Distribution M&A Special Report.
B-to-B Online Marketing Toolkit Cover

The B-to-B Online Marketing Toolkit:
A Step-by-Step Plan for Distributors and Manufacturers to Leverage Online Marketing for Bottom Line Results

Reviews (0)
 
Price: $249.00
The 2011 Edition of this valuable marketing tool provides a step-by-step plan for leveraging Online Marketing to produce Bottom-Line Results. Bulk pricing available.


tech directory: start your search here

 

Top10_MDMcallout
GetMyFreeReport


Sponsored Links