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Saturday, August 17, 2019
HomeNewsEconomyChicago Fed National Activity Index (CFNAI) Signals Solid Economic Growth in August

Chicago Fed National Activity Index (CFNAI) Signals Solid Economic Growth in August

American industry and economy imposed on a U.S. dollar.
American industry and economy imposed on a U.S. dollar.

American industry and economy imposed on a U.S. dollar.

The Chicago Fed National Activity Index (CFNAI) rose a solid 0.18 points in August, matching the forecast and upwardly revised reading for July. Of the index’s four main components, production fueled the gain the most with a contribution of 0.16 points.

The CFNAI Diffusion Index, which is also a three-month moving average, increased to +0.20 in August from +0.09 in July. Forty-eight (48) of the 85 individual indicators made positive contributions to the CFNAI over the month, while 37 made negative contributions.

Fifty-four (54) indicators improved from July to August, while 30 indicators deteriorated and 1 was unchanged. Of the indicators that improved, 18 made negative contributions.

Written by
Staff Writing Group

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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