CFNAI activity index

OK · 0.04 · Composite · weight 2 · CFNAI

Chicago Fed National Activity Index, 3m MA below -0.7 — broad activity weakening.

The Chicago Fed National Activity Index averages 85 monthly indicators across production, employment, consumption, and housing into a single diffusion measure. A 3-month average below −0.7 has historically coincided with the economy operating well below trend — broad weakness rather than one sector failing.

Rule

{"type":"levels","levels":[{"state":"critical","op":"<","threshold":-1},{"state":"warning","op":"<","threshold":-0.7},{"state":"watch","op":"<","threshold":-0.35}],"exit_above":-0.2}

Source series on FRED →

Glossary: Industrial production →

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