United States Chicago Fed National Activity Index

Last Release

Sep 30, 2024

Actual

-0.28

Units In

Points

-0.01

Frequency

Monthly

Next Release

Nov 25, 2024

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 decreased to -0.28 in September 2024 from a revised -0.01 in August. Production-related indicators contributed -0.21 to the CFNAI in September, down from +0.04 in August. The sales, orders, and inventories category's contribution to the CFNAI was -0.03 in September, unchanged from August. Employment-related indicators contributed -0.03 to the CFNAI, down from a neutral value in August. The personal consumption and housing category's contribution to the CFNAI was -0.01, up from -0.03. The index's three-month moving average, CFNAI-MA3, decreased to -0.19 in September from -0.14 in August.