08:38 AM EDT, 09/23/2024 (MT Newswires) -- The Chicago Federal Reserve Bank's monthly National Activity Index rebounded to a reading of 0.12 in August from a downwardly revised minus 0.42 reading in July, compared with expectations for a reading of minus 0.20 in a survey of analysts compiled by Bloomberg as of 7:45 am ET.

However, the three-month moving average fell to minus 0.17 from minus 0.13.

Of the 85 individual indicators, 36 made positive contributions to the index in August, while 49 made negative contributions. Some 53 indicators improved in the month, while 32 indicators deteriorated.

Production-related indicators made the largest positive contribution to the overall index.