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Tuesday, June 18, 2024
HomeNewsEconomyChicago Fed National Activity Index (CFNAI) Rose Sharply on Industrial Production

Chicago Fed National Activity Index (CFNAI) Rose Sharply on Industrial Production

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 +0.88 in February from +0.02 in January, beating the 0.05% median forecast. All four broad categories of indicators increased and 3 of the 4 categories made positive contributions to the index.

The index’s three-month moving average, CFNAI-MA3, increased to +0.37 in February from +0.16 in January.

The CFNAI Diffusion Index, which is also a three-month moving average, moved up to +0.28 in February from +0.16 in January. Sixty-three of the 85 individual indicators made positive contributions to the CFNAI in February, while 22 made negative contributions.

Sixty-one indicators improved from January to February, while 23 indicators deteriorated and one was unchanged. Of the indicators that improved, nine made negative contributions.

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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