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Category: Research - Topic: Economics - CHICAGO FED NATL ACTIVITY


Chicago Fed National Activity Index suggests economic growth decreased in January 2024
Posted: February 22, 2024 at 08:30 AM (Thursday)

The Chicago Fed National Activity Index (CFNAI) decreased to –0.30 in January from +0.02 in December. Three of the four broad categories of indicators used to construct the index decreased from December, and three categories made negative contributions in January. The index's three-month moving average, CFNAI-MA3, increased to –0.02 in ...


Chicago Fed National Activity Index Index suggests economic growth decreased in December 2023
Posted: January 25, 2024 at 08:30 AM (Thursday)

The Chicago Fed National Activity Index (CFNAI) decreased to –0.15 in December from +0.01 in November. All four broad categories of indicators used to construct the index decreased from November, and three categories made negative contributions in December. The index’s three-month moving average, CFNAI-MA3, moved down to –0.28 in December ...


Chicago Fed National Activity Index Suggests economic growth increased in November 2023
Posted: December 26, 2023 at 08:30 AM (Tuesday)

Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.03 in November from –0.66 in October. All four broad categories of indicators used to construct the index increased from October, and two categories made positive contributions in November. The index’s three-month moving ...


Chicago Fed National Activity Index Suggests economic growth declined in October 2023
Posted: November 21, 2023 at 08:30 AM (Tuesday)

Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.49 in October from –0.02 in September. All four broad categories of indicators used to construct the index decreased from September, and all four categories made negative contributions in October. The index’s three-month moving ...


Chicago Fed National Activity Index Suggests economic growth near historical trend in September 2023
Posted: October 23, 2023 at 08:30 AM (Monday)

The Chicago Fed National Activity Index (CFNAI) increased to +0.02 in September from –0.22 in August. All four broad categories of indicators used to construct the index increased from August, and two categories made positive contributions in September. The index’s three-month moving average, CFNAI-MA3, moved up to a neutral value in ...


Chicago Fed National Activity Index Suggests slower economic growth in August 2023
Posted: September 25, 2023 at 08:30 AM (Monday)

The Chicago Fed National Activity Index (CFNAI) decreased to –0.16 in August from +0.07 in July. Two of the four broad categories of indicators used to construct the index decreased from July, and all four categories made negative contributions in August. The index’s three-month moving average, CFNAI-MA3, ticked up to –0.14 in August from –0.15 ...


Chicago Fed National Activity Index Suggests a pickup in economic growth in July 2023
Posted: August 24, 2023 at 08:30 AM (Thursday)

Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.12 in July from –0.33 in June. Two of the four broad categories of indicators used to construct the index increased from June, and two of the four categories made positive contributions in July. The index’s three-month moving ...


Chicago Fed National Activity Index Suggests little change in economic growth in June 2023
Posted: July 24, 2023 at 08:30 AM (Monday)

The Chicago Fed National Activity Index (CFNAI) edged down to –0.32 in June from –0.28 in May. Three of the four broad categories of indicators used to construct the index decreased from May, and three of the four categories made negative contributions in June. The index’s three-month moving average, CFNAI-MA3, increased to –0.16 in June ...


Chicago Fed National Activity Index Suggests to steady economic growth in March 2023
Posted: April 24, 2023 at 08:30 AM (Monday)

The Chicago Fed National Activity Index (CFNAI) was unchanged at –0.19 in March. Three of the four broad categories of indicators used to construct the index made negative contributions in March, and two categories deteriorated from February. The index’s three-month moving average, CFNAI-MA3, increased to +0.01 in March from –0.09 ...


Chicago Fed National Activity Index Suggests Economic Growth Declined in February 2023
Posted: March 23, 2023 at 08:30 AM (Thursday)

Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.19 in February from +0.23 in January. All four broad categories of indicators used to construct the index made negative contributions in February, and three categories deteriorated from January. The index’s three-month moving ...


Chicago Fed National Activity Index Suggests economic growth picked up in January 2023
Posted: February 23, 2023 at 08:30 AM (Thursday)

Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.23 in January from –0.46 in December. Three of the four broad categories of indicators used to construct the index made positive contributions in January, and three categories improved from December. The index’s three-month ...


Chicago Fed National Activity Index Suggests little change in economic growth in December 2022
Posted: January 26, 2023 at 08:30 AM (Thursday)

The Chicago Fed National Activity Index (CFNAI) edged up to –0.49 in December from –0.51 in November. Three of the four broad categories of indicators used to construct the index made negative contributions in December, but two categories improved from November. The index’s three-month moving average, CFNAI-MA3, decreased to –0.33 in December ...


Chicago Fed National Activity Index Suggests slower economic growth in October 2022
Posted: November 21, 2022 at 08:30 AM (Monday)

The Chicago Fed National Activity Index (CFNAI) decreased to –0.05 in October from +0.17 in September. Three of the four broad categories of indicators used to construct the index made negative contributions in October, and three categories deteriorated from September. The index’s three-month moving average, CFNAI-MA3, moved down to +0.09 ...


Chicago Fed National Activity Index Suggests steady economic growth in September 2022
Posted: October 24, 2022 at 08:30 AM (Monday)

The Chicago Fed National Activity Index (CFNAI) was unchanged at +0.10 in September. Two of the four broad categories of indicators used to construct the index made positive contributions in September, but two categories deteriorated from August. The index’s three-month moving average, CFNAI-MA3, moved up to +0.17 in September from +0.04 ...


Chicago Fed National Activity Index Suggests economic growth moderated in August 2022
Posted: September 26, 2022 at 08:30 AM (Monday)

Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) decreased to a neutral value in August from +0.29 in July. Three of the four broad categories of indicators used to construct the index made positive contributions in August, but three categories deteriorated from July. The index’s three-month ...


Chicago Fed National Activity Index Suggests a pickup in economic growth in July 2022
Posted: August 22, 2022 at 08:30 AM (Monday)

Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.27 in July from –0.25 in June. All four broad categories of indicators used to construct the index made positive contributions in July, and all four categories improved from June. The index’s three-month moving average, CFNAI-MA3, ...


Chicago Fed National Activity Index Suggests steady economic growth in June 2022
Posted: July 25, 2022 at 08:30 AM (Monday)

The Chicago Fed National Activity Index (CFNAI) was unchanged at –0.19 in June. Two of the four broad categories of indicators used to construct the index made negative contributions in June, and two categories deteriorated from May. The index’s three-month moving average, CFNAI-MA3, moved down to –0.04 in June from +0.09 ...


Chicago Fed National Activity Index Suggests Economic Growth Declined in May 2022
Posted: June 21, 2022 at 08:30 AM (Tuesday)

The Chicago Fed National Activity Index (CFNAI) fell to +0.01 in May from +0.40 in April. Two of the four broad categories of indicators used to construct the index made negative contributions in May, and two categories deteriorated from April. The index’s three-month moving average, CFNAI-MA3, decreased to +0.20 in May from +0.40 ...


Chicago Fed National Activity Index suggests economic growth increased in April 2022
Posted: May 23, 2022 at 08:30 AM (Monday)

The Chicago Fed National Activity Index (CFNAI) increased to +0.47 in April from +0.36 in March. All four broad categories of indicators used to construct the index made positive contributions in April, and three categories improved from March. The index’s three-month moving average, CFNAI-MA3, ticked down to +0.48 in April from +0.49 ...


Chicago Fed National Activity Index suggests a slight decrease in economic growth in March 2022
Posted: April 25, 2022 at 10:00 AM (Monday)

The Chicago Fed National Activity Index (CFNAI) moved down to +0.44 in March from +0.54 in February. Three of the four broad categories of indicators used to construct the index made positive contributions in March, but two categories deteriorated from February. The index’s three-month moving average, CFNAI-MA3, increased to +0.57 in March ...


Chicago Fed National Activity Index suggests a slight decrease in economic growth in February 2022
Posted: March 21, 2022 at 08:30 AM (Monday)

The Chicago Fed National Activity Index (CFNAI) moved down to +0.51 in February from +0.59 in January. Three of the four broad categories of indicators used to construct the index made positive contributions in February, but two categories deteriorated from January. The index’s three-month moving average, CFNAI-MA3, ticked down to +0.35 ...


Chicago Fed National Activity Index suggests a pickup in economic growth in January 2022
Posted: February 24, 2022 at 08:30 AM (Thursday)

The Chicago Fed National Activity Index (CFNAI) rose to +0.69 in January from +0.07 in December. All four broad categories of indicators used to construct the index made positive contributions in January, and two categories improved from December. The index’s three-month moving average, CFNAI-MA3, edged down to +0.42 in January from +0.46 ...


Chicago Fed National Activity Index suggests economic growth declined in December 2021
Posted: January 24, 2022 at 08:30 AM (Monday)

Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.15 in December from +0.44 in November. Two of the four broad categories of indicators used to construct the index made negative contributions in December, and all four categories deteriorated from November. The index’s three-month ...


Chicago Fed National Activity Index suggests economic growth moderated in November 2021
Posted: December 22, 2021 at 08:30 AM (Wednesday)

Led by slower growth in production-related indicators, the Chicago Fed National Activity Index (CFNAI) decreased to +0.37 in November from +0.75 in October. Three of the four broad categories of indicators used to construct the index made positive contributions in November, but all four categories deteriorated from October. The index’s ...


Chicago Fed National Activity Index Suggests a Pickup in Economic Growth in October
Posted: November 22, 2021 at 08:30 AM (Monday)

Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.76 in October from –0.18 in September. All four broad categories of indicators used to construct the index made positive contributions in October, and all four categories improved from September. The index’s three-month moving ...


Chicago Fed National Activity Index Suggests Slower Economic Growth in September
Posted: October 25, 2021 at 08:30 AM (Monday)

Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) decreased to –0.13 in September from +0.05 in August. One of the four broad categories of indicators used to construct the index made a negative contribution in September, and one category deteriorated from August. The index’s three-month ...


Chicago Fed National Activity Index Suggests Slower, but Still Above-Average Growth in August
Posted: September 23, 2021 at 08:30 AM (Thursday)

Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.53 in July from –0.01 in June. Three of the four broad categories of indicators used to construct the index made positive contributions in July, and three categories improved from June. The index’s three-month moving ...


Chicago Fed National Activity Index Suggests a Pickup in Economic Growth in July
Posted: August 23, 2021 at 08:30 AM (Monday)

Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.53 in July from –0.01 in June. Three of the four broad categories of indicators used to construct the index made positive contributions in July, and three categories improved from June. The index’s three-month moving ...


Chicago Fed National Activity Index Suggests Economic Growth Moderated in June
Posted: July 22, 2021 at 08:30 AM (Thursday)

The Chicago Fed National Activity Index (CFNAI) decreased to +0.09 in June from +0.26 in May. Three of the four broad categories of indicators used to construct the index made positive contributions in June, but two categories deteriorated from May. The index’s three-month moving average, CFNAI-MA3, declined to +0.06 in June from +0.80 ...


Chicago Fed National Activity Index Suggests a Pickup in Economic Growth in May
Posted: June 21, 2021 at 08:30 AM (Monday)

Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.29 in May from –0.09 in April. Three of the four broad categories of indicators used to construct the index made positive contributions in May, and three categories improved from April. The index’s three-month moving ...


Chicago Fed National Activity Index Suggests Economic Growth Moderated in April
Posted: May 24, 2021 at 08:30 AM (Monday)

The Chicago Fed National Activity Index (CFNAI) declined to +0.24 in April from +1.71 in March. Three of the four broad categories of indicators used to construct the index made positive contributions in April, but three categories deteriorated from March. The index’s three-month moving average, CFNAI-MA3, decreased to +0.07 in April from +0.35 ...


Chicago Fed National Activity Index suggests economic growth rebounded in March
Posted: April 22, 2021 at 08:30 AM (Thursday)

Led by improvements in indicators related to production and personal consumption and housing, the Chicago Fed National Activity Index (CFNAI) rose to +1.71 in March from –1.20 in February. All four broad categories of indicators used to construct the index made positive contributions in March, and all four categories improved from February. ...


Chicago Fed National Activity Index suggests economic growth declined in February
Posted: March 22, 2021 at 08:30 AM (Monday)

Led by declines in indicators related to production and personal consumption and housing, the Chicago Fed National Activity Index (CFNAI) fell to –1.09 in February from +0.75 in January. Two of the four broad categories of indicators used to construct the index made negative contributions in February, but all four categories decreased ...


Chicago Fed National Activity Index points to an uptick in economic growth in December
Posted: January 25, 2021 at 08:30 AM (Monday)

Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.52 in December from +0.31 in November. Three of the four broad categories of indicators used to construct the index made positive contributions in December, but three categories decreased from November. The index’s ...


Chicago Fed National Activity Index Suggests Slower, but Still Slightly Above-Average Growth in November
Posted: December 21, 2020 at 08:30 AM (Monday)

Led by slower growth in employment- and production-related indicators, the Chicago Fed National Activity Index (CFNAI) declined to +0.27 in November from +1.01 in October. Three of the four broad categories of indicators used to construct the index made positive contributions in November, but all four categories decreased from October. The ...


Chicago Fed National Activity Index Suggests Economic Growth Increased in October
Posted: November 23, 2020 at 08:30 AM (Monday)

Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.83 in October from +0.32 in September. Three of the four broad categories of indicators used to construct the index made positive contributions in October, and three of the four categories increased from September. The ...


Chicago Fed National Activity Index Suggests Slower and Slightly Above-Average Growth in September
Posted: October 26, 2020 at 08:30 AM (Monday)

Led by some further moderation in the growth of production- and employment-related indicators, the Chicago Fed National Activity Index (CFNAI) declined to +0.27 in September from +1.11 in August. Three of the four broad categories of indicators used to construct the index made positive contributions in September, but three of the four ...


Chicago Fed National Activity Index suggests slower, but still well-above-average growth in August
Posted: September 21, 2020 at 08:30 AM (Monday)

Led by some further moderation in the growth of production-related indicators, the Chicago Fed National Activity Index (CFNAI) declined to +0.79 in August from +2.54 in July. Two of the four broad categories of indicators used to construct the index made positive contributions in August, but all four categories decreased from July. The ...


Chicago Fed National Activity Index suggests slower, but still well-above-average growth in July
Posted: August 24, 2020 at 08:30 AM (Monday)

Led by some moderation in the growth of production- and employment-related indicators, the Chicago Fed National Activity Index (CFNAI) declined to +1.18 in July from +5.33 in June. Three of the four broad categories of indicators used to construct the index made positive contributions in July, but all four categories decreased from June. ...


Chicago Fed National Activity Index suggests economic growth increased further in June
Posted: July 21, 2020 at 08:30 AM (Tuesday)

Led by improvements in production- and employment-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +4.11 in June from +3.50 in May. Three of the four broad categories of indicators used to construct the index made positive contributions in June, and two of the four categories increased from May. The ...


Chicago Fed National Activity Index Suggests Economic Growth Increased Substantially in May
Posted: June 22, 2020 at 08:30 AM (Monday)

Led by improvements in production- and employment-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +2.61 in May from –17.89 in April. All four broad categories of indicators used to construct the index made positive contributions in May, and all four categories increased from April. The index’s three-month ...


Chicago Fed National Activity Index Suggests Growth Fell Substantially in April
Posted: May 26, 2020 at 08:30 AM (Tuesday)

Led by declines in production- and employment-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –16.74 in April from –4.97 in March. All four broad categories of indicators used to construct the index made negative contributions in April, and all four categories decreased from March. The index’s three-month ...


Chicago Fed National Activity Index Suggests Growth Decreased Substantially in March
Posted: April 20, 2020 at 08:30 AM (Monday)

Led by declines in production- and employment-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –4.19 in March from +0.06 in February. All four broad categories of indicators used to construct the index made negative contributions in March, and three of the four categories decreased from February. The index’s ...


Chicago Fed National Activity Index Suggests Economic Growth Picked Up in February
Posted: March 23, 2020 at 08:30 AM (Monday)

The data through February were unlikely to have been affected much by the COVID-19 outbreak. Economic data for March will be incorporated in the next CFNAI released on April 20, 2020.

Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.16 in February from –0.33 in January. Two of the four broad categories of indicators that make up the index increased from January, and three of the four ...


Chicago Fed National Activity Index points to an uptick in economic growth in January
Posted: February 24, 2020 at 08:30 AM (Monday)

The Chicago Fed National Activity Index (CFNAI) increased to –0.25 in January from –0.51 in December. All four broad categories of indicators that make up the index increased from December, but only one of the four categories made a positive contribution to the index in January. The index’s three-month moving average, CFNAI-MA3, moved up to ...


Chicago Fed National Activity Index points to slower economic growth in December
Posted: January 22, 2020 at 08:30 AM (Wednesday)

Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.35 in December from +0.41 in November. Three of the four broad categories of indicators that make up the index decreased from November, and three of the four categories made negative contributions to the index in December. The ...


Chicago Fed National Activity Index points to a rebound in economic growth in November
Posted: December 23, 2019 at 08:30 AM (Monday)

Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.56 in November from –0.76 in October. All four broad categories of indicators that make up the index increased from October, and two of the four categories made positive contributions to the index in November. The index’s ...


Chicago Fed National Activity Index Points to Further Slower Economic Growth in October
Posted: November 25, 2019 at 08:30 AM (Monday)

Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.71 in October from –0.45 in September. Two of the four broad categories of indicators that make up the index decreased from September, and all four categories made negative contributions to the index in October. The index’s ...


Chicago Fed National Activity Index Points to Slower Economic Growth in September
Posted: October 28, 2019 at 08:30 AM (Monday)

Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.45 in September from +0.15 in August. Three of the four broad categories of indicators that make up the index decreased from August, and all four categories made negative contributions to the index in September. The index’s ...


Chicago Fed National Activity points to a pickup in economic growth in August
Posted: September 23, 2019 at 08:30 AM (Monday)

Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.10 in August from –0.41 in July. All four broad categories of indicators that make up the index increased from July, but three of the four categories made negative contributions to the index in August. The index’s three-month ...



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