We have discontinued producing the PDF release of the Chicago Fed National Activity Index (CFNAI) as of February 2024.

The Chicago Fed National Activity Index (CFNAI) decreased to –0.30 in January from +0.02 in December. Three of the four broad categories of indicators used to construct the index decreased from December, and three categories made negative contributions in January. The index's three-month moving average, CFNAI-MA3, increased to –0.02 in January from –0.14 in December.