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Source: The Conference Board Source: Federal Reserve Bank of Chicago <br />Economic Activity <br />The Conference Board’s Leading Economic Index (LEI)remained in negative territory for the thirteenth consecutive month at –0.6%in April, <br />versus -1.2%in March.The LEI was down 8.0%year-over-year in April,unchanged from March.The consistent decline month-over-month <br />continues to signal future contraction in the economy.The Chicago Fed National Activity Index (CFNAI)rose to 0.07 in April month-over-month <br />versus a downwardly revised -0.37 in March.On a 3-month moving average basis,the CFNAI declined to -0.22 in April,indicating a rate of <br />growth below the historical average trend. <br />-0.50 <br />-0.25 <br />0.00 <br />0.25 <br />0.50 <br />0.75 <br />1.00 <br />Chicago Fed National Activity Index (CFNAI)3 Month Average-1.5% <br />-1.0% <br />-0.5% <br />0.0% <br />0.5% <br />1.0% <br />1.5% <br />Leading Economic Indicators (LEI)MOM ( %) Change7