The Chicago Fed National Activity Index in the US dropped to +0.27 in September 2020 from an upwardly revised +1.11 in the previous month, missing market expectations of +0.39. Three of the four broad categories of indicators used to construct the index decreased from August. Production-related indicators contributed -0.24 to the CFNAI in September, down from +0.31 in August; and the contribution of the sales, orders, and inventories category to the CFNAI edged down to +0.07 from +0.10. Also, employment-related indicators contributed +0.35 in September, down from +0.71 in August; while the contribution of the personal consumption and housing category to the CFNAI moved up to +0.09 from a neutral value in the previous month. source: Federal Reserve Bank of Chicago
Chicago Fed National Activity Index in the United States averaged 0 from 1967 until 2020, reaching an all time high of 5.93 in June of 2020 and a record low of -17.74 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 October of 2020.
Chicago Fed National Activity Index in the United States is expected to be 0.10 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 0.30 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.