Incompatible Browser
Looks like this browser isn't supported. We recommend you use Chrome, Firefox, or Safari instead.
  • Print
  • Email

Chicago Fed National Activity Index, November 2003
CFNAI Indicates Economy Continued to Grow in October
The Chicago Fed National Activity Index (CFNAI) was +0.01 in October, a small decline from the September reading of +0.16. The value for the October index reflects small contributions —both positive and negative—from each of the broad categories of indicators that comprise the index. The three-month moving average index, CFNAI-MA3, also declined slightly, from +0.06 in September to –0.07 in October. CFNAI-MA3 values below zero are associated with below-trend economic growth; accordingly, the CFNAI-MA3 value of –0.07 suggests that growth in national economic activity was slightly below its historical trend in October. With nregard to inflation, CFNAI-MA3 values below zero signal decreased inflationary pressures over the coming year.
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 © 2021. All rights reserved.

Please review our Privacy Policy | Legal Notices