• Print
  • Email

Chicago Fed National Activity Index, May 2001
U.S. Economic Slowing Continued in May
The Chicago Fed National Activity Index (CFNAI) increased to –1.06 in May from a downward revised value of –1.23 in April. Continued contraction in industrial production and manufacturing employment combined to keep the CFNAI below –1.00 for the second consecutive month. The three-month moving average index, CFNAI-MA3, was –1.04 in May, a further deterioration from an unchanged –0.96 in April. May marked the eleventh consecutive month that the CFNAI-MA3 was below zero, an indication of below-trend growth in the national economy and a sign of easing pressures on future inflation.
Having trouble accessing something on this page? Please send us an email and we will get back to you as quickly as we can.

Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

Copyright © 2024. All rights reserved.

Please review our Privacy Policy | Legal Notices