American industry and economy imposed on a U.S. dollar.
The Chicago Fed National Activity Index (CFNAI) rose a solid 0.18 points in August, matching the forecast and upwardly revised reading for July. Of the index’s four main components, production fueled the gain the most with a contribution of 0.16 points.
The CFNAI Diffusion Index, which is also a three-month moving average, increased to +0.20 in August from +0.09 in July. Forty-eight (48) of the 85 individual indicators made positive contributions to the CFNAI over the month, while 37 made negative contributions.
Fifty-four (54) indicators improved from July to August, while 30 indicators deteriorated and 1 was unchanged. Of the indicators that improved, 18 made negative contributions.
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