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Thursday, September 19, 2019
HomeNewsEconomyChicago Fed National Activity Index (CFNAI) Indicates Growth in March

Chicago Fed National Activity Index (CFNAI) Indicates Growth in March

U.S. economy on an American flag background waving in the wind, in 3D rendering. (Photo: AdobeStock)

The Chicago Fed National Activity Index (CFNAI) came in at -0.15 for March, up from the downwardly revised -0.31 in April. The improvement was led largely by employment indicators.

PriorRevisedActual
CFNAI-0.29-0.31-0.15
3-Month Moving Average-0.18-0.18-0.24

Released on 4/22/2019 8:30 AM EST for March, 2019

The index’s three-month moving average, CFNAI-MA3, ticked down to –0.24 in March from –0.18 in February. The CFNAI Diffusion Index, which is also a three-month moving average, decreased to –0.18 in March from –0.08 in February.

Thirty-seven (37) of the 85 individual indicators made positive contributions to the CFNAI in March, while 47 made negative contributions and one made a neutral contribution.

Forty-eight (48) indicators improved from February to March, while 37 indicators worsened. Of the indicators that improved, 23 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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