In September 2024, the three-month moving average of the Chicago Fed Activity Index (CFNAI-MA3) stood at -0.19 for the United States. The CFNAI-MA3 is used to identify whether the economy is moving into or out of a recession. When the CFNAI-MA3 value stays below -0.7 for at least six months, it is a strong indicator that the country is moving into an economic recession. Adversely, if the index value is above 0.7 for at least six months, the country is likely moving away from, or out of, an economic recession.
Three-month moving average of the Chicago Fed National Activity Index of the United States from September 2021 to September 2024
The Chicago Fed National Activity Index (CFNAI) is a weighted average of 85 indicators based on economic data covering production and income, employment, personal consumption, housing, manufacturing, trade sales, inventories, and orders.
The three-month moving average of the CFNAI is used to identify whether the economy is moving into or out of a recession.
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Federal Reserve Bank of Chicago. (October 23, 2024). Three-month moving average of the Chicago Fed National Activity Index of the United States from September 2021 to September 2024 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1241487/us-three-month-average-chicago-fed-national-activity-index/
Federal Reserve Bank of Chicago. "Three-month moving average of the Chicago Fed National Activity Index of the United States from September 2021 to September 2024." Chart. October 23, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1241487/us-three-month-average-chicago-fed-national-activity-index/
Federal Reserve Bank of Chicago. (2024). Three-month moving average of the Chicago Fed National Activity Index of the United States from September 2021 to September 2024. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1241487/us-three-month-average-chicago-fed-national-activity-index/
Federal Reserve Bank of Chicago. "Three-month Moving Average of The Chicago Fed National Activity Index of The United States from September 2021 to September 2024." Statista, Statista Inc., 23 Oct 2024, https://www.statista.com/statistics/1241487/us-three-month-average-chicago-fed-national-activity-index/
Federal Reserve Bank of Chicago, Three-month moving average of the Chicago Fed National Activity Index of the United States from September 2021 to September 2024 Statista, https://www.statista.com/statistics/1241487/us-three-month-average-chicago-fed-national-activity-index/ (last visited December 22, 2024)
Three-month moving average of the Chicago Fed National Activity Index of the United States from September 2021 to September 2024 [Graph], Federal Reserve Bank of Chicago, October 23, 2024. [Online]. Available: https://www.statista.com/statistics/1241487/us-three-month-average-chicago-fed-national-activity-index/
