MDM-Podcasts-launch
Need Help? (888) 742-5060

In The News:

Chicago Fed National Index Falls to -0.36 in July

he Chicago Fed National Activity Index was -0.36, down from 0.03 the month before. The Federal Reserve Bank of Chicago said all four broad categories that comprise the index contributed negatively in July. 

Production-related indicators contributed -0.25 in July, down from 0.09 in June. Industrial production decreased 0.2% in July after increasing 0.2% in June. In July, manufacturing production decreased 0.4% after rising 0.6% in June. The sales, orders and inventories category decreased to -0.05 in July from -0.01 in June. 

Employment-related indicators contributed -0.01 in July after being flat in the previous month. The personal-consumption and housing category inched lower to -0.06 compared with -0.05 in the previous month. Total nonfarm payrolls increased by 164,000 in July, lower than the rise of 193,000 in June. 

The CFNAI-MA3, which the Chicago Fed says can show a more consistent view of economic growth, was -0.14. The three-month moving average was up from -0.30 the previous month. 

The Chicago Fed said the CFNAI Diffusion index edged lower to -0.19 in July from -0.15 in June. That three-month moving average shows how much a change in the monthly index spans across its more than 80 indicators, the Chicago Fed said. 

A CFNAI-MA3 reading of more than -0.70 and a CFNAI Diffusion Index reading of more than -0.35 have historically indicated economic expansion, the Chicago Fed said.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>


MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center