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Chicago Fed National Activity Index, March 2022
Index Points to a Slight Decrease in Economic Growth in February

The Chicago Fed National Activity Index (CFNAI) moved down to +0.51 in February from +0.59 in January. Three of the four broad categories of indicators used to construct the index made positive contributions in February, but two categories deteriorated from January. The index’s three-month moving average, CFNAI-MA3, ticked down to +0.35 in February from +0.37 in January.

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