United States Chicago Fed Survey in United States

Federal Reserve Bank of Chicago · Monthly · Importance

-0.04 (Aug-26) ABS · points · Monthly · CSV
-0.12 (Aug-26) MOM · points · Monthly · CSV
0.32 (Aug-26) YOY · points · Monthly · CSV
Recessions COVID recession
Periodpoints
Aug 2026 -0.04
Jul 2026 0.08
Jun 2026 -0.01
May 2026 -0.10
Apr 2026 0.13
Mar 2026 -0.11
Feb 2026 0.22
Jan 2026 -0.07
Dec 2025 -0.06
Nov 2025 -0.31
Oct 2025 -0.50
Sep 2025 -0.31
Aug 2025 -0.36
Jul 2025 0.03
Jun 2025 -0.09
May 2025 -0.31
Apr 2025 -0.36
Mar 2025 0.16
Feb 2025 0.39
Jan 2025 -0.50
Dec 2024 0.33
Nov 2024 -0.05
Oct 2024 -0.56
Sep 2024 -0.29
Aug 2024 -0.08
Jul 2024 -0.39
Jun 2024 -0.22
May 2024 0.16
Apr 2024 -0.38
Mar 2024 -0.13
Feb 2024 0.26
Jan 2024 -0.98
Dec 2023 -0.12
Nov 2023 0.14
Oct 2023 -0.51
Sep 2023 -0.03
Aug 2023 -0.17
Jul 2023 0.13
Jun 2023 -0.41
May 2023 -0.18
Apr 2023 0.04
Mar 2023 -0.41
Feb 2023 -0.43
Jan 2023 0.57
Dec 2022 -0.46
Nov 2022 -0.60
Oct 2022 0.04
Sep 2022 0.00
Aug 2022 0.04
Jul 2022 0.20
Jun 2022 -0.25
May 2022 -0.41
Apr 2022 0.00
Mar 2022 0.43
Feb 2022 0.40
Jan 2022 -0.04
Dec 2021 0.17
Nov 2021 0.66
Oct 2021 0.93
Sep 2021 -0.13
Periodpoints
Aug 2026 -0.12
Jul 2026 0.09
Jun 2026 0.09
May 2026 -0.23
Apr 2026 0.24
Oct 2025 -0.19
Sep 2025 0.05
Aug 2025 -0.39
Jul 2025 0.12
Apr 2021 -2.29
Mar 2021 4.26
Nov 2020 -0.74
Oct 2020 0.52
Aug 2020 -1.39
Jul 2020 -3.68
Jun 2020 1.56
May 2020 23.12
Mar 2020 -4.46
Aug 2019 0.54
Jul 2019 -0.41
Aug 2017 0.18
Jul 2017 -0.33
Feb 2009 1.81
Jan 2009 -0.37
Oct 2008 1.46
Sep 2008 -1.33
Nov 2005 0.09
Oct 2005 1.28
Jul 2000 -0.42
Jun 2000 0.48
Sep 1998 -1.08
Aug 1998 1.54
Apr 1993 0.73
Mar 1993 -0.63
Dec 1989 -0.16
Nov 1989 0.56
Nov 1985 0.72
Oct 1985 -0.63
Mar 1985 0.41
Feb 1985 0.04
Jul 1984 -0.52
Jun 1984 0.02
Dec 1981 -0.21
Nov 1981 -0.06
Nov 1980 -0.50
Oct 1980 0.14
May 1980 -0.13
Apr 1980 -1.09
Aug 1979 -0.30
Jul 1979 -0.11
Jun 1979 -1.22
May 1979 2.60
Sep 1978 -0.43
Aug 1978 0.82
Dec 1977 0.26
Nov 1977 0.10
Feb 1976 -0.59
Jan 1976 0.52
Mar 1975 0.07
Feb 1975 -0.30
Periodpoints
Aug 2026 0.32
Jul 2026 0.05
Jun 2026 0.08
May 2026 0.21
Apr 2026 0.49
Sep 2025 -0.02
Aug 2025 -0.28
Jul 2025 0.42
Mar 2022 -1.98
Oct 2021 -0.09
Jul 2021 -1.90
May 2021 -4.54
Apr 2021 18.47
Mar 2021 6.80
Oct 2020 1.80
Jul 2020 3.02
May 2020 4.75
Apr 2020 -17.84
Mar 2020 -4.29
Jul 2019 -0.42
Jul 2018 0.22
Jul 2017 -0.22
Jan 2010 3.21
Sep 2009 2.38
Jan 2009 -2.82
Sep 2008 -2.51
Oct 2006 -0.93
Oct 2005 0.22
Jun 2001 -1.05
Jun 2000 0.21
Aug 1999 -0.73
Aug 1998 0.77
Mar 1994 1.45
Mar 1993 -0.91
Nov 1990 -1.55
Nov 1989 -0.11
Oct 1986 0.13
Feb 1986 -0.48
Oct 1985 -0.56
Jun 1985 -1.15
Feb 1985 -0.73
Jun 1984 -0.53
Nov 1982 0.82
Nov 1981 -2.00
Oct 1981 -2.44
Apr 1981 2.22
Oct 1980 1.13
Jul 1980 -0.48
May 1980 -3.57
Apr 1980 -0.84
Aug 1979 -1.17
Jul 1979 -0.05
May 1979 0.81
Nov 1978 0.20
Aug 1978 0.43
Nov 1977 -0.46
Jan 1977 -1.60
Feb 1976 2.94
Jan 1976 3.23
Dec 1975 4.26

About this indicator

Source
Chicago Fed
Frequency
Monthly
Release
Around the last working day.
What it is
The Chicago Fed National Activity Index (CFNAI) is a composite index summarizing US national economic activity and inflationary pressure, built from 85 monthly indicators across four categories: production and income, employment, personal consumption and housing, and sales, orders and inventories. Published by the Federal Reserve Bank of Chicago since 1967.
How it's calculated
A zero value for the index indicates that the national economy is growing at its historical trend, negative values ??indicate below-average growth, and positive values ??indicate above-average growth.
Market implications
It is a good indicator of the economic situation both now and future. It also provides information about the evolution of inflation in the United States. Different studies have shown that this index often anticipates changes in the economic cycle of the country.
Limitations
Data can be modified to be reviewed so caution should be exercised when interpreting them.