The Chicago Fed National Activity Index fell to minus 0.16 in August from a revised 0.07 in July.
U.S. economic growth slowed in August as industrial activity moderated, data from the Federal Reserve Bank of Chicago showed Monday.
The CFNAI index, designed to gauge overall economic activity and inflationary pressures, is composed of 85 economic indicators from four broad categories of data: production and income; employment, unemployment and hours; personal consumption and housing; and sales, orders and inventories.The contribution from production-related indicators contracted the most on month, tumbling to minus 0.02 from a positive 0.12 in July. It came as industrial production growth slowed in the month, increasing 0.
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