The Chicago Fed National Activity Index (CFNAI) rose to +0.69 in January from +0.07 in December. All four broad categories of indicators used to construct the index made positive contributions in January, and two categories improved from December. The index’s three-month moving average, CFNAI-MA3, edged down to +0.42 in January from +0.46 in December.
Chicago Fed National Activity Index, February 2022
Index Points to a Pickup in Economic Growth in January