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Wednesday, December 11, 2019
HomeNewsEconomyChicago Fed National Activity Index (CFNAI) Slows in October

Chicago Fed National Activity Index (CFNAI) Slows in October

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

The Chicago Fed National Activity Index (CFNAI) slowed further for October, coming in at -0.71 and missing the consensus forecast. The index’s 3-month moving average (CFNAI-MA3) fell to –0.31 in October from –0.21 in September.

Forecasts ranged from a low of -0.50 to a high of 0.05. The consensus forecast was -0.20.

Two of the four broad categories of indicators that make up the index decreased from September, and all four categories made negative contributions to the index in October.

Production-related indicators weighed heavily on the index. Together they contributed –0.55 to the CFNAI in October, down from –0.36 in September. That’s largely the result of industrial production falling 0.8% in October after declining by 0.3% in September.

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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