The Chicago Fed National Activity Index for May climbed to negative 0.30 from a revised negative 0.52 reading in April, while the three-month moving average (CFNAI-MA3) dropped to negative 0.43 from a revised negative 0.13 in April, the Federal Reserve Bank of Chicago reported Monday.

In May 2012, the index was negative 0.12, while the CFNAI-MA3 was negative 0.23 in that month.

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