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Chicago Fed: National Activity Index improves to 0.22 in November

"Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.22 in November from a neutral reading in October," the Federal Reserve Bank of Chicago announced on Monday.

Key takeaways from the press release

  • The CFNAI Diffusion Index, which is also a three-month moving average, decreased to +0.06 in November from +0.21 in October. 
  • Industrial production rose 0.6 percent in November after decreasing 0.2 percent in October.
  • Employment-related indicators contributed +0.10 to the CFNAI in November, down from +0.15 in October.
  • The contribution of the personal consumption and housing category to the CFNAI ticked down to –0.05 in November from –0.04 in October. 

United States Chicago Fed National Activity Index : 0.22 (November) vs previous 0.24

United States Chicago Fed National Activity Index : 0.22 (November) vs previous 0.24
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