Ekonomické zprávy
22.11.2021

Chicago Fed National Activity Index increases to +0.76 in October

The Chicago Federal Reserve reported on Monday the Chicago Fed national activity index (CFNAI), a weighted average of 85 different economic indicators, jumped to +0.76 in October from a downwardly revised -0.18 in September (from -0.13), pointing to an expansion in economic activity in the previous month. That was the highest figure since July.

At the same time, the index’s three-month moving average slipped to +0.21 in October from +0.22 in September.

According to the report, all four broad categories of indicators used to construct the CFNAI made positive contributions in October as well as demonstrated improvements from the previous month. Production-related indicators contributed +0.44 to the headline indicator in October, up from -0.35 in September. In addition, employment-related indicators made a contribution of +0.24 to the CFNAI last month, up from +0.16 in September. Elsewhere, the contribution of the sales, orders and inventories category to the CFNAI improved to +0.05 in October from +0.01 in the previous month and that of personal consumption and housing category advanced to +0.03 from +0.01 in September.

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