2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

United States : Chicago Fed National Activity Index  
Released On 10/23/2017 8:30:00 AM For Sep, 2017
PriorConsensusConsensus Range
Level-0.31 -0.10 -1.70  to 0.09 
3 Month Moving Average-0.04 

Recent History Of This Indicator
Hurricanes scrambled September's economic data pointing to uncertain results for the national activity index. Employment was sharply mixed with payrolls posting a rare decline while at the same time the unemployment rate and wage data showed strength. Retail sales soared on replacement demand for vehicles while the manufacturing component of the industrial production report posted no better than a marginal increase. Forecasters see national activity coming in at minus 0.10 in September vs minus 0.31 in August though the range of estimates is wide, from minus 1.70 to plus 0.09.

Definition
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
 


powered by  [Econoday]