MW: July Chicago Fed index shows improved activity
By Greg Robb
WASHINGTON (MarketWatch) - The Federal Reserve Bank of Chicago's national activity index improved to negative 0.06 in July from negative 0.38 in June, the bank said Monday. The gain was led by improvements in production-related indicators. A three-month average of the Chicago Fed's national index of economic activity rose to a negative 0.29 from negative 0.54 in June. The data show less risk of a recession.
