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The Chicago Federal Reserve reported that the National Activity Index for February stood at +0.18, surpassing expectations of -0.17 and improving from a revised January figure of -0.08. This index indicates that 47 out of 85 monthly indicators contributed positively, suggesting above-average economic growth. In related financial data, the U.S. Treasury conducted auctions for 3-month and 6-month bills, with the 3-month bill yielding 4.19% and a bid-to-cover ratio of 2.96, while the 6-month bill had a yield of 4.085% and a bid-to-cover ratio of 3.27. Additionally, the Swedish Producer Price Index (PPI) for February showed a month-over-month decrease of 0.1%, down from a previous increase of 1.7%. In Spain, the PPI increased by 1.2% month-over-month and 6.6% year-over-year, compared to previous rates of 0.4% and 2.6%, respectively.
