Chicago Fed National Activity Index rose in February
Led by improvements in employment-related indicators, the Chicago Fed National Activity Index increased to +0.34 in February from –0.02 in January.
All four broad categories of indicators that make up the index increased from January, and only one of the four categories made a negative contribution to the index in February.
The index’s three-month moving average improved to +0.25 in February from +0.07 in January, reaching its highest level since December 2014. February’s CFNAI-MA3 suggests that growth in national economic activity was somewhat above its historical trend.