Chicago Fed National Activity Index: Three Month Moving Average
CFNAIMA3 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.22
Year-over-Year Change
83.33%
Date Range
5/1/1967 - 6/1/2025
Summary
The Chicago Fed National Activity Index tracks broad economic performance across multiple sectors. It provides a comprehensive snapshot of national economic momentum and potential turning points.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index aggregates 85 monthly indicators from production, income, employment, and consumption sectors. Zero represents trend growth, with positive values indicating expansion.
Methodology
Federal Reserve Bank of Chicago calculates the index using weighted economic indicators.
Historical Context
Economists and policymakers use this index to assess overall economic health and potential recession risks.
Key Facts
- Combines 85 economic indicators
- Zero represents trend economic growth
- Helps predict economic turning points
FAQs
Q: What does a positive CFNAIMA3 value mean?
A: A positive value indicates economic growth above historical trend. Higher values suggest stronger economic performance.
Q: How often is the Chicago Fed National Activity Index updated?
A: The index is typically updated monthly with the most recent economic data available.
Q: Can this index predict recessions?
A: The index can signal potential economic slowdowns when values consistently trend below zero.
Q: What sectors are included in the index?
A: The index covers production, income, employment, and consumption across multiple economic sectors.
Q: How reliable is the CFNAIMA3 as an economic indicator?
A: It's considered a comprehensive measure, but should be used alongside other economic indicators for full analysis.
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Citation
U.S. Federal Reserve, Chicago Fed National Activity Index (CFNAIMA3), retrieved from FRED.