The Chicago Fed National Activity Index in the US dropped to -0.15 in December 2021 from an upwardly revised +0.44 in the previous month, suggesting there was a contraction in economic activity following a two-month period of expansion. Two of the four broad categories of indicators used to construct the index made negative contributions in December, and all four categories deteriorated from November. Production-related indicators contributed –0.13 to the CFNAI in December, down from +0.25 in November, while the contribution of the personal consumption and housing category decreased to –0.19 from –0.02. At the same time, the contribution of the sales, orders, and inventories category to the CFNAI ticked down to +0.03 in December from +0.05 in the previous month, and employment-related indicators contributed +0.13 to the index, down slightly from +0.16. source: Federal Reserve Bank of Chicago
Chicago Fed National Activity Index in the United States averaged 0 points from 1967 until 2021, reaching an all time high of 6.01 points in June of 2020 and a record low of -17.79 points in April of 2020. This page provides the latest reported value for - United States Chicago Fed National Activity Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Chicago Fed National Activity Index - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Chicago Fed National Activity Index in the United States is expected to be 0.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Chicago Fed National Activity Index is projected to trend around -0.20 points in 2023, according to our econometric models.