• Print
  • Email

Chicago Fed National Activity Index, August 2006
CFNAI Indicates Economic Growth Slightly Above Trend in July

The Chicago Fed National Activity Index was -0.12 in July, down from +0.43 in June. Two of the four broad categories of indicators in the index made small positive contributions (see sidebar). The three-month moving average, CFNAI-MA3, declined from +0.15 in June to +0.07 in July. A CFNAI-MA3 reading above zero is associated with above-trend economic growth; accordingly, the CFNAI-MA3 value of +0.07 for July suggests that growth in national economic activity was lightly above its historical trend. With regard to inflation, a CFNAI-MA3 value above zero indicates the potential for 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