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Tuesday, June 18, 2024
HomeNewsEconomyChicago Fed National Activity Index (CFNAI) Misses the Mark in May

Chicago Fed National Activity Index (CFNAI) Misses the Mark in May

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) was –0.15 in May, down from +0.42 in April and way below the 0.37 consensus forecast. Two of the four broad categories of indicators that make up the index decreased from April, and two of the four categories made negative contributions to the index in May.

The index’s three-month moving average, CFNAI-MA3, decreased to +0.18 in May from +0.48 in April.

The CFNAI Diffusion Index, which is also a three-month moving average, moved down to +0.10 in May from +0.23 in April. Thirty-nine of the 85 individual indicators made positive contributions to the CFNAI in May, while 46 made negative contributions. Forty-three indicators improved from April to May, while 42 indicators deteriorated. Of the indicators that improved, 17 made negative contributions.

[pdfviewer width=”740px” height=”849px” beta=”true/false”]https://www.peoplespunditdaily.com/wp-content/uploads/2018/06/cfnai-june2018-pdf.pdf[/pdfviewer]

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