Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.10 in August from –0.41 in July. All four broad categories of indicators that make up the index increased from July, but three of the four categories made negative contributions to the index in August. The index’s three-month moving average, CFNAI-MA3, edged up to –0.06 in August from –0.14 in July.
Chicago Fed National Activity Index, September 2019
Index Points to a Pickup in Economic Growth in August