Chicago Fed National Activity Index Edges Down

2025-04-24 12:36 By Luisa Carvalho 1 min. read

The Chicago Fed National Activity Index for the US fell to -0.03 in March 2025 from +0.24 in February, suggesting growth was weaker than the long-term average.

Two of the four broad categories of indicators used to construct the index decreased from February, and three categories made negative contributions in March.

Production-related indicators contributed –0.09 to the CFNAI in March, down from +0.25 in February.

The sales, orders, and inventories category's contribution was –0.03, down from +0.01 in February, and employment-related indicators contributed –0.01, up from –0.02 in February.

The personal consumption and housing category's contribution to the CFNAI was +0.11 in March, up from a neutral value in February.

The index's three-month moving average, CFNAI-MA3, decreased to –0.01 in March from +0.12 in February.



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