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Tuesday, June 25, 2024
HomeNewsEconomyChicago Fed National Activity Index (CFNAI) Soars to Expansion High in October

Chicago Fed National Activity Index (CFNAI) Soars to Expansion High in October

SUV parts are fabricated in the stamping facility at the General Motors Assembly Plant on June 9, 2015. (Photo: Reuters)
SUV parts are fabricated in the stamping facility at the General Motors Assembly Plant on June 9, 2015. (Photo: Reuters)

SUV parts are fabricated in the stamping facility at the General Motors Assembly Plant on June 9, 2015. (Photo: Reuters)

The Chicago Fed National Activity Index (CFNAI) rose to +0.65 in October, an expansion high that is significantly stronger than the forecast and average. The consensus forecast called for a +0.20 reading and ranged from +0.05 to +0.25.

The 3-month average is also near a high, increasing to +0.28 in October from +0.01 in September. One of the four broad categories of indicators that make up the index increased from September, but three of the four categories made positive contributions to the index in October.

Industrial production also rebounded significantly from the impact of the hurricanes in August.

Read Full Report: cfnai-november 2017-pdf

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