United States Chicago Fed National Activity Index

Last Release

Dec 31, 2024

Actual

0.15

Units In

Points

-0.01

Frequency

Monthly

Next Release

Feb 24, 2025

Time to Release

26 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
6.01 Jun 2020	-17.79 Apr 2020	0 Points	1967-2024	Federal Reserve Bank of Chicago

The Chicago Fed National Activity Index (CFNAI) is designed to gauge overall economic activity and related inflationary pressure. The CFNAI is based on a weighted average of 85 existing monthly indicators of national economic activity. It has an average value of zero and a standard deviation of one. Since economic activity tends toward trend growth rate over time, a positive reading corresponds to growth above trend and a negative reading corresponds to growth below trend.

Latest Updates

The Chicago Fed National Activity Index for the US increased to 0.15 in December 2024, the highest reading in seven months, compared to an upwardly revised -0.01 in November. The reading showed economic growth increased in December, with production-related indicators contributing 0.19 (vs +0.03 in November) and employment-related indicators adding (vs unchanged). In contrast, the sales, orders, and inventories category's contribution was –0.02 (vs -0.05 in November) and the personal consumption and housing category's contribution was –0.02 (vs –0.01). Meanwhile, the index's three-month moving average, CFNAI-MA3, increased to –0.13 in December from –0.26 in November.