2017 Economic Calendar
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United States : Chicago Fed National Activity Index  
Released On 5/22/2017 8:30:00 AM For Apr, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Level0.08 0.07 0.10 0.01  to 0.25 0.49 
3 Month Moving Average0.03 0.00 0.23 

The big jump in industrial production, which included a 1.0 percent surge in the report's manufacturing component, gave a strong lift to the national activity index which rose to 0.49 in April from a flat 0.07 in March. Employment was also a positive in April offsetting a decline in personal consumption & housing that reflected flat readings for spending and weakness in housing starts and permits. April was a good month for the economy though the strength did not extend to the all important category of consumer spending.

Consensus Outlook
Employment is likely to continue to boost what has otherwise been a soft national activity index that has been held back by manufacturing production and consumer spending. Forecasters see the index coming in only marginally in the plus column, at 0.10 in April which would only be slightly above March's disappointing plus 0.08.

The Chicago Fed National Activity Index (CFNAI) is a monthly index that tracks overall economic activity and inflationary pressures. The CFNAI is a weighted average of 85 existing monthly indicators of national economic activity. It is constructed to have an average value of zero and a standard deviation of one. Since economic activity tends toward trend growth over time, a positive index reading corresponds to growth above trend and a negative index reading corresponds to growth below trend.  Why Investors Care

2017 Release Schedule
Released On: 1/262/233/204/245/226/267/278/219/2510/2311/2112/21
Release For: DecJanFebMarAprMayJunJulAugSepOctNov

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