July Chicago Fed’s National Activity Index fell to +0.13 from +0.48 in June
Led by slower growth in production-related indicators, the Chicago Fed National Activity Index (CFNAI) declined to +0.13 in July from +0.48 in June. The index’s three-month moving average, CFNAI-MA3, moved down to +0.05 in July from +0.20 in June.
July durable goods orders slip 1.7 percent, but business investment continued to rise
Orders for long-lasting goods fell 1.7% in July, the third drop in fourth months. However, after stripping out planes and cars, orders actually rose 0.2% to mark the sixth increase in a row, suggesting that business investment remains strong.