FAST FIVE: Fed's National Activity Index Contracts For 7th Straight Month – Longest Streak Since 2009
This is the seventh month of declines in a row – the longest streak of contraction since the financial crisis.
36 indicators improved from May to June, while 49 indicators deteriorated (but of the indicators that improved, nine made negative contributions).
40 of the 85 monthly individual indicators made positive contributions, while 45 indicators affected the index negatively.
Only the 'employment'-related indicators suggested growth in June.