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.
Dr. Schadenfreude / March 26, 2018
And CHICAGO is still an urban trash heap