The Chicago Fed National Activity Index dropped to -0.35 in December 2019 from a downwardly revised +0.41 in the previous month, slightly below market expectations of -0.3. Production-related indicators contributed -0.26 to the CFNAI, down from +0.40 in November, and the contribution of the sales, orders, and inventories category edged down to -0.05 from -0.02. In addition, employment-related indicators contributed -0.06 to the index, down from +0.04 in November, while the contribution of the personal consumption and housing category contributed rose to +0.03 from -0.01.
Chicago Fed National Activity Index in the United States averaged 0 from 1967 until 2019, reaching an all time high of 2.79 in September of 1983 and a record low of -5.29 in December of 1974. 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. source: Federal Reserve Bank of Chicago
Chicago Fed National Activity Index in the United States is expected to be -0.20 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 0.05 in 12 months time. In the long-term, the United States Chicago Fed National Activity Index is projected to trend around -0.50 in 2020, according to our econometric models.