Posted February 23, 2017

Chicago Fed National Activity Index declined in January

The Chicago Fed National Activity Index decreased to –0.05 in January from +0.18 in December.

Three of the four broad categories of indicators that make up the index decreased from December, and two of the four categories made negative contributions to the index in January.

The index’s three-month moving average edged down to –0.03 in January from –0.02 in December, which suggests that growth in national economic activity was near its historical trend.