Chicago Fed National Activity Index: Production and Income
PANDI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.01
Year-over-Year Change
-50.00%
Date Range
3/1/1967 - 6/1/2025
Summary
The Chicago Fed National Activity Index (PANDI) tracks the overall economic performance of the United States by measuring production, income, and other key economic indicators. It provides a comprehensive snapshot of national economic momentum across multiple sectors.
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 individual economic variables to create a holistic measure of economic activity relative to the long-term trend. Economists use it to assess current economic conditions and potential future economic growth or contraction.
Methodology
The index is calculated by the Federal Reserve Bank of Chicago using a weighted average of 85 monthly indicators from production, income, employment, and other economic categories.
Historical Context
Policymakers and investors use this index to gauge economic health, inform monetary policy decisions, and predict potential recession risks.
Key Facts
- Combines 85 economic variables into a single comprehensive index
- Provides early signals of economic expansion or contraction
- Covers multiple economic sectors including production and income
FAQs
Q: What does a positive PANDI value indicate?
A: A positive value suggests economic growth above the long-term trend, while a negative value indicates economic activity below trend.
Q: How often is the PANDI updated?
A: The index is typically updated monthly, providing a near real-time assessment of economic conditions.
Q: How is the PANDI different from GDP?
A: While GDP measures total economic output, PANDI provides a more comprehensive and forward-looking view of economic activity across multiple indicators.
Q: Can PANDI predict recessions?
A: The index can provide early warning signals of potential economic downturns by tracking deviations from long-term economic trends.
Q: What sectors are included in the PANDI calculation?
A: The index incorporates data from production, income, employment, personal consumption, housing, and other key economic sectors.
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Citation
U.S. Federal Reserve, Chicago Fed National Activity Index: Production and Income [PANDI], retrieved from FRED.
Last Checked: 8/1/2025