The Chicago Fed National Activity Index increased to 0.29 in May of 2021 from a downwardly revised -0.09 in April, pointing to a pick up in economic growth, led by improvements in production-related indicators. Production-related indicators contributed +0.29, up from -0.05 in April; the contribution of the employment, unemployment, and hours category rose to +0.16 from +0.06 and the contribution from the sales, orders, and inventories category was +0.02 compared to -0.06. On the other hand, the personal consumption and housing category contributed -0.18, down from -0.04. The index’s three-month moving average went up to +0.81 from +0.17. source: Federal Reserve Bank of Chicago
Chicago Fed National Activity Index in the United States averaged 0 from 1967 until 2021, reaching an all time high of 5.88 in June of 2020 and a record low of -17.71 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 2021.
Chicago Fed National Activity Index in the United States is expected to be 1.20 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 0.50 in 12 months time. In the long-term, the United States Chicago Fed National Activity Index is projected to trend around -0.20 in 2022, according to our econometric models.