United States Chicago Fed National Activity Index

Last Release

Nov 30, 2024

Actual

-0.12

Units In

Points

-0.5

Frequency

Monthly

Next Release

Jan 24, 2025

Time to Release

30 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 -0.12 in November 2024 from a downwardly revised -0.5 in October, suggesting economic growth increased in the month. Production-related indicators contributed -0.08 to index, up from -0.31 in October. The sales, orders, and inventories category's contribution was -0.02, up from -0.08 in October. Employment-related indicators contributed –0.01, up from –0.09 in October. The personal consumption and housing category's contribution was -0.02 in November, unchanged from October. The CFNAI Diffusion Index, which is also a three-month moving average, was unchanged at -0.31 in November.