United States Chicago Fed National Activity Index

Last Release

Feb 28, 2025

Actual

0.18

Units In

Points

-0.08

Frequency

Monthly

Next Release

Apr 24, 2025

Time to Release

28 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
6.01 Jun 2020	-17.79 Apr 2020	0 Points	1967-2025	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 0.18 in February 2025 from -0.08 in January, suggesting economic growth increased. Production-related indicators contributed +0.19, up from +0.02 in January. The sales, orders, and inventories category's contribution was -0.01 in February, up from -0.04 and the personal consumption and housing category's contribution was -0.01, above -0.14. On the other hand, employment-related indicators contributed +0.02, down from +0.08. The index's three-month moving average, CFNAI-MA3, increased to +0.15 in February from +0.07 in January.