April 2019 Chicago Fed National Activity Index
Economic growth slowed in January 2019 according to the latest data from the Chicago Fed National Activity Index (CFNAI). This index of 85 components dipped to minus 0.43 from after hitting +0.05 in December 2018. Since this indicator moves quite a bit each month, Atlas pay attention to the three-month moving average; it fell to 0.0 (a reading which indicates moderate growth) from 0
Economic output increased slightly in October 2018 according to the Chicago Fed National Activity Index (CFNAI). Their indicator with 85 components edged up to +0.24 from +0.14 in September. Additionally, the three-month moving average increased marginally, rising to +0.31 from +0.30 which suggests a continued upward trajectory for the U.S. economy.
Economic output slowed in May 2018 according to the Chicago Fed National Activity Index (CFNAI). After reaching an upwardly revised +0.42 in April (originally +0.34), it declined to -0.15 in the middle of the second quarter. Unfortunately, this lower monthly tally hurt the three-month moving average which dropped to +0.18 from +0.48 to start the quarter.
After a strong uptick in February, the Chicago Fed National Activity Index took a bit of a breather in March 2018. This indicator, which looks at 85 components, decelerated to +0.10 versus +0.98. Adding to the tepid tone of the release, the three-month moving average slowed to +0.27 from +0.31 a month earlier.
Output accelerated during December 2017 according to data from the Chicago Federal Reserve National Activity Index (CFNAI). This comprehensive indicator rose to +0.27 from the downwardly revised count of +0.11 (originally +0.15). Additionally, the three-month moving average held relatively steady at +0.42 versus +0.43 in November, suggesting the economic expansion is not overheated.