Data Release of the Day: Waning

by Marty Mazorra CFP®, ChFC® Founder & Co-Chief Investment Officer

I mentioned in yesterday’s video that we see general conditions waning. One of our proprietary macro index’s waning components has been The Chicago Fed National Activity Index.

As of this morning’s release, it still is:

United States : Chicago Fed National Activity Index

Released On 5/20/2019 8:30:00 AM For Apr, 2019
Prior Prior Revised Consensus Consensus Range Actual
Level -0.15  0.05  -0.10  -0.33  to -0.05  -0.45 
3 Month Moving Average -0.24  -0.16  -0.22 


Highlights

April’s very weak industrial production report pulled
down the national activity index to a much weaker-
than-expected minus 0.45, and with that the 3-month
average to minus 0.22. These are the weakest
showings for this report in three years.

Production-related indicators declined to minus
0.44 in April from minus 0.04 in March
reflecting headline 0.5 percent declines for
both industrial production and specifically
manufacturing production. Also pulling the
index lower is a minus 0.05 showing for the
personal consumption & housing component
vs a neutral reading for March. The other
components – employment and sales/orders/
inventories – were little changed and
marginal positives for the composite.

This report focuses attention on the two
salients of April’s economic indicators:
manufacturing weakness tied in part to
extended weakness in global demand and
trouble for domestic consumer spending,
at least for April.

Share:

Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.
Facebook Instagram
  • Private Wealth Advisors
  • © 2025 Private Wealth Advisors. All rights reserved.
  • PRIVACY POLICY

This website is a publication of Private Wealth Advisors. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author as of the date of publication and are subject to change. Information on this website does not involve the rendering of personalized investment advice, but is limited to the dissemination of general information on products and services. A professional advisor should be consulted before implementing any of the options presented. Information on this website is not an offer to buy or sell, or a solicitation of any offer to buy or sell the securities mentioned herein. Hyperlinks on this website are provided as a convenience and we disclaim any responsibility for information, services or products found on websites linked hereto. Private Wealth Advisors is registered as an investment adviser with the SEC, and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.