Widget Image
Follow PPD Social Media
Tuesday, June 25, 2024
HomeNewsEconomyChicago Fed National Activity Index (CFNAI) Moderates to +0.13 for July

Chicago Fed National Activity Index (CFNAI) Moderates to +0.13 for July

Workers assemble built-in appliances at the Whirlpool manufacturing plant in Cleveland, Tennessee August 21, 2013. (Photo: Reuters)

The Chicago Fed National Activity Index (CFNAI) moderated to +0.13 in July, down from +0.48 and below the 0.38 consensus forecast. The CFNAI is a monthly index by the Chicago Fed to gauge overall economic activity and related inflationary pressure.

It’s a weighted average of 85 existing monthly indicators of national economic activity. It is constructed to have an average value of zero and a standard deviation of one.

While 3 of the 4 broad categories of indicators in the index fell from June, 3 of the 4 also made positive contributions in July.

The index’s 3-month moving average, CFNAI-MA3, declined to +0.05 in July from +0.20 in June. The CFNAI Diffusion Index, which is also a 3-month moving average, decreased to +0.08 in July from +0.19 in June.

Thirty-six of the 85 individual indicators made positive contributions to the CFNAI in July, while 49 made negative contributions. Thirty-four (34) indicators improved from June to July, while 51 indicators deteriorated. Of the indicators that improved, 13 made negative contributions.

Written by

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.

Latest comment

  • I was wondering if you ever considered changing the page layout
    of your website? Its very well written; I love what youve got to say.
    But maybe you could a little more in the way of content so people
    could connect with it better. Youve got an awful lot of text for only
    having 1 or two images. Maybe you could space it out better?

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

People's Pundit Daily
You have %%pigeonMeterAvailable%% free %%pigeonCopyPage%% remaining this month. Get unlimited access and support reader-funded, independent data journalism.

Start a 14-day free trial now. Pay later!

Start Trial