Chicago Fed National Activity Index down in February
Led by declines in production-related indicators, the Chicago Fed National Activity Index fell to –0.29 in February from +0.41 in January.
All four broad categories of indicators that make up the index decreased from January, and three of the four categories made negative contributions to the index in February.
The index’s three-month moving average edged up to –0.07 in February from –0.12 in January. February’s index suggests that growth in national economic activity was slightly below its historical trend.