Widget Image
Follow PPD Social Media
Sunday, November 24, 2024
HomeNewsEconomyChicago Fed National Activity Index (CFNAI) Slows in October

Chicago Fed National Activity Index (CFNAI) Slows in October

U.S. economy on an American flag background waving in the wind, in 3D rendering. (Photo: AdobeStock)

The Chicago Fed National Activity Index (CFNAI) slowed further for October, coming in at -0.71 and missing the consensus forecast. The index’s 3-month moving average (CFNAI-MA3) fell to –0.31 in October from –0.21 in September.

Forecasts ranged from a low of -0.50 to a high of 0.05. The consensus forecast was -0.20.

Two of the four broad categories of indicators that make up the index decreased from September, and all four categories made negative contributions to the index in October.

Production-related indicators weighed heavily on the index. Together they contributed –0.55 to the CFNAI in October, down from –0.36 in September. That’s largely the result of industrial production falling 0.8% in October after declining by 0.3% in September.

Written by

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

No comments

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

People's Pundit Daily
You have %%pigeonMeterAvailable%% free %%pigeonCopyPage%% remaining this month. Get unlimited access and support reader-funded, independent data journalism.

Start a 14-day free trial now. Pay later!

Start Trial