Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.76 in October from –0.18 in September. All four broad categories of indicators used to construct the index made positive contributions in October, and all four categories improved from September. The index’s three-month moving average, CFNAI-MA3, ticked down to +0.21 in October from +0.22 in September.