The Chicago Fed National Activity Index (CFNAI) decreased to –0.16 in August from +0.07 in July. Two of the four broad categories of indicators used to construct the index decreased from July, and all four categories made negative contributions in August. The index’s three-month moving average, CFNAI-MA3, ticked up to –0.14 in August from –0.15 in July.
Chicago Fed National Activity Index, September 2023
Index Suggests Slower Economic Growth in August