Chicago Fed National Activity Index Reaches Multiyear High
The Chicago Fed released its National Activity Index for the month of November with a reading of +0.73, up from +0.31 in October.
The Chicago Federal Reserve released its National Activity Index (CFNAI) for the month of November with a reading of +0.73, up from +0.31 in October. The index is designed to gauge overall economic activity and related inflationary pressure.
The three-month moving average rose to +0.48 in November, up from +0.09 in October, which is the highest level since May of 2010. The economic growth reflected in this level of the three-month moving average suggests modest inflationary pressure from economic activity over the coming year.
The CFNAI is drawn from a weighted average of 85 economic indicators from four broad categories of data: production and income; employment, unemployment and hours; personal consumption and housing; and sales, orders and inventories. Each of these data sets measures some aspect of overall macroeconomic activity. The index derived from this provides a single, summary measure of a factor common to these national economic data.
Out of the four broad categories, two had a positive contribution from October and one had a negative contribution.
ALSO READ: 10 Cities Where Poverty Is Soaring
Contact [email protected] for any questions or corrections.
Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
