The Chicago Fed National Activity Index edged up to -0.49 in December of 2022 from -0.51 in November, indicating a softer economic contraction in the US economic activity. The contribution of the sales, orders, and inventories category to the CFNAI in December moved up to -0.01 from -0.07; and employment-related indicators contributed +0.02, up from -0.03 in November. On the other hand, production-related indicators contributed -0.43, down from -0.35; and the contribution of the personal consumption and housing category also ticked down to -0.07 from -0.05 in November. Meanwhile, the index’s three-month moving average, CFNAI-MA3, which provides a more consistent picture of national economic growth, decreased to -0.33 in December from -0.14. The CFNAI Diffusion Index, which is also a three-month moving average, fell to -0.13 from a neutral value in November. source: Federal Reserve Bank of Chicago
Chicago Fed National Activity Index in the United States averaged 0.00 points from 1967 until 2022, reaching an all time high of 6.12 points in June of 2020 and a record low of -17.96 points 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 February of 2023.
Chicago Fed National Activity Index in the United States is expected to be -0.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.