The Chicago Fed National Activity Index in the US slumped to a record low of -16.74 in April of 2020 from a downwardly revised -4.97 in March. Figures pointed to a record contraction in activity, due to the coronavirus pandemic, led by declines in production and employment-related indicators although all four broad categories of indicators used to construct the index made negative contributions in April, and all four categories decreased from March. The three-month
moving average decreased to -7.22 in April from -1.69 in March, pointing to an increasing likelihood of a recession.
Chicago Fed National Activity Index in the United States averaged -0.03 from 1967 until 2020, reaching an all time high of 2.80 in September of 1983 and a record low of -16.74 in April of 2020. This page provides the latest reported value for - United States Chicago Fed National Activity Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Chicago Fed National Activity Index - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Federal Reserve Bank of Chicago
Chicago Fed National Activity Index in the United States is expected to be -3.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Chicago Fed National Activity Index in the United States to stand at 0.00 in 12 months time. In the long-term, the United States Chicago Fed National Activity Index is projected to trend around -0.60 in 2021 and -0.20 in 2022, according to our econometric models.