Chicago Fed National Activity Index in the United States increased to -0.28 points in May from -0.36 points in April of 2025. This dataset provides the latest reported value for - United States Chicago Fed National Activity Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Chicago Fed National Activity Index (CFNAI) from Mar 1967 to May 2025 about indexes and USA.

Graph and download economic data for Chicago Fed National Activity Index: Diffusion Index from May 1967 to Apr 2025 about diffusion, indexes, and USA.

United States Chicago Fed National Activity Index: CFNAI data was reported at 0.240 NA in Oct 2018. This records an increase from the previous number of 0.140 NA for Sep 2018. United States Chicago Fed National Activity Index: CFNAI data is updated monthly, averaging 0.080 NA from Mar 1967 (Median) to Oct 2018, with 620 observations. The data reached an all-time high of 2.770 NA in Sep 1983 and a record low of -5.220 NA in Dec 1974. United States Chicago Fed National Activity Index: CFNAI data remains active status in CEIC and is reported by Federal Reserve Bank of Chicago. The data is categorized under Global Database’s United States – Table US.S006: Chicago Fed National Activity Index.

A zero value for the index indicates that the national economy is expanding at its historical trend rate of growth; negative values indicate below-average growth; and positive values indicate above-average growth.

For further information, please visit the Federal Reserve Bank of Chicago's web site: http://www.chicagofed.org/webpages/research/data/cfnai/current_data.cfm

In July 2024, the Chicago Fed Activity Index stood at 0.18 for the United States. This is an increase from the previous month, when the index stood at -0.26The Chicago Fed National Activity Index is a coincident indicator used to track the nation's economic growth and potential inflation. An index value of zero indicates that the economy is growing at its historic trend rate of growth. A value over zero indicates that the economy is growing above its potential, while a negative value indicates that the economy is growing below its potential.

United States Chicago Fed National Activity Index: CFNAI MA3 data was reported at 0.310 NA in Oct 2018. This records an increase from the previous number of 0.300 NA for Sep 2018. United States Chicago Fed National Activity Index: CFNAI MA3 data is updated monthly, averaging 0.110 NA from May 1967 (Median) to Oct 2018, with 618 observations. The data reached an all-time high of 2.070 NA in Apr 1978 and a record low of -4.240 NA in Jan 2009. United States Chicago Fed National Activity Index: CFNAI MA3 data remains active status in CEIC and is reported by Federal Reserve Bank of Chicago. The data is categorized under Global Database’s United States – Table US.S006: Chicago Fed National Activity Index.

United States - Chicago Fed National Activity was -0.25000 Index in April of 2025, according to the United States Federal Reserve. Historically, United States - Chicago Fed National Activity reached a record high of 6.30000 in June of 2020 and a record low of -18.17000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Chicago Fed National Activity - last updated from the United States Federal Reserve on June of 2025.

A zero value for the index indicates that the national economy is expanding at its historical trend rate of growth; negative values indicate below-average growth; and positive values indicate above-average growth.

For further information, please visit the Federal Reserve Bank of Chicago's web site: http://www.chicagofed.org/webpages/research/data/cfnai/current_data.cfm

Graph and download economic data for Chicago Fed National Activity Index: Sales, Orders and Inventories (SOANDI) from Mar 1967 to May 2025 about inventories, sales, indexes, and USA.

United States CFNAI: Diffusion Index data was reported at -0.320 NA in Mar 2020. This records a decrease from the previous number of -0.210 NA for Feb 2020. United States CFNAI: Diffusion Index data is updated monthly, averaging 0.080 NA from May 1967 (Median) to Mar 2020, with 635 observations. The data reached an all-time high of 0.860 NA in Apr 1978 and a record low of -0.890 NA in Sep 2008. United States CFNAI: Diffusion Index data remains active status in CEIC and is reported by Federal Reserve Bank of Chicago. The data is categorized under Global Database’s United States – Table US.S007: Chicago Fed National Activity Index. [COVID-19-IMPACT]

Graph and download economic data for Chicago Fed National Activity Index: Three Month Moving Average (CFNAIMA3) from May 1967 to May 2025 about moving average, 3-month, average, indexes, and USA.

United States - Chicago Fed National Activity : Three Month Moving Average was 0.05000 Index in April of 2025, according to the United States Federal Reserve. Historically, United States - Chicago Fed National Activity : Three Month Moving Average reached a record high of 4.51000 in July of 2020 and a record low of -7.49000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Chicago Fed National Activity : Three Month Moving Average - last updated from the United States Federal Reserve on June of 2025.

What is the Survey of Economic Conditions? Contacts located in the Seventh Federal Reserve District are asked to rate various aspects of economic conditions along a seven-point scale ranging from "large increase" to "large decrease." A series of diffusion indexes summarizing the distribution of responses is then calculated.

How are the indexes constructed? Respondents' answers on the seven-point scale are assigned a numeric value ranging from +3 to –3. Each diffusion index is calculated as the difference between the number of respondents with answers above their respective average responses and the number of respondents with answers below their respective average responses, divided by the total number of respondents. The index is then multiplied by 100 so that it ranges from +100 to −100 and will be +100 if every respondent provides an above-average answer and –100 if every respondent provides a below-average answer. Respondents with no prior history of responses are excluded from the calculation.

What do the numbers mean? Respondents' respective average answers to a question can be interpreted as representing their historical trends, or long-run averages. Thus, zero index values indicate, on balance, average growth (or a neutral outlook) for activity, hiring, capital spending, and cost pressures. Positive index values indicate above-average growth (or an optimistic outlook) on balance, and negative values indicate below-average growth (or a pessimistic outlook) on balance.

Beginning with the May 12, 2020 release, the CFSEC moved to a monthly release schedule. This release, with data for April 2020, now contains estimated monthly historical values for the CFSEC indexes, as will all future releases. For additional information on how the survey and indexes changed, see the CFSEC FAQs available here (https://www.chicagofed.org/research/data/cfsec/current-data).

Prior to April 2022, the Chicago Fed Survey of Economic Conditions was named the Chicago Fed Survey of Business Conditions (CFSBC). The name change was made to better represent the survey’s aim and base of respondents. The goal of the survey is to assess the state of the economy in the Seventh Federal Reserve District. Moreover, since the beginning of the survey, it was been filled out by both business and nonbusiness contacts.

Graph and download economic data for Chicago Fed National Activity Index: Employment, Unemployment and Hours (EUANDH) from Mar 1967 to May 2025 about hours, unemployment, employment, indexes, and USA.

United States - Chicago Fed Survey of Business Conditions: Nonmanufacturing Activity in Federal Reserve District 7: Chicago was 10.75269 Index in May of 2025, according to the United States Federal Reserve. Historically, United States - Chicago Fed Survey of Business Conditions: Nonmanufacturing Activity in Federal Reserve District 7: Chicago reached a record high of 71.64179 in August of 2014 and a record low of -52.70270 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Chicago Fed Survey of Business Conditions: Nonmanufacturing Activity in Federal Reserve District 7: Chicago - last updated from the United States Federal Reserve on June of 2025.

United States - Chicago Fed Survey of Business Conditions: Manufacturing Activity in Federal Reserve District 7: Chicago was -21.21212 Index in May of 2025, according to the United States Federal Reserve. Historically, United States - Chicago Fed Survey of Business Conditions: Manufacturing Activity in Federal Reserve District 7: Chicago reached a record high of 69.58949 in January of 2018 and a record low of -94.89796 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Chicago Fed Survey of Business Conditions: Manufacturing Activity in Federal Reserve District 7: Chicago - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for Chicago Fed Survey of Economic Conditions: Manufacturing Activity Index in Federal Reserve District 7: Chicago (CFSBCACTIVITYMFG) from Feb 2013 to Jun 2025 about FRB CHI District, business, manufacturing, indexes, and USA.

United States CFNAI: Personal Consumption & Housing data was reported at -0.190 NA in Mar 2020. This records a decrease from the previous number of -0.020 NA for Feb 2020. United States CFNAI: Personal Consumption & Housing data is updated monthly, averaging 0.010 NA from Mar 1967 (Median) to Mar 2020, with 637 observations. The data reached an all-time high of 0.400 NA in Oct 2001 and a record low of -0.520 NA in Sep 2009. United States CFNAI: Personal Consumption & Housing data remains active status in CEIC and is reported by Federal Reserve Bank of Chicago. The data is categorized under Global Database’s United States – Table US.S007: Chicago Fed National Activity Index. [COVID-19-IMPACT]

United States - Chicago Fed National Activity : Diffusion was -0.05000 Index in April of 2025, according to the United States Federal Reserve. Historically, United States - Chicago Fed National Activity : Diffusion reached a record high of 0.86000 in April of 1978 and a record low of -0.89000 in September of 2008. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Chicago Fed National Activity : Diffusion - last updated from the United States Federal Reserve on June of 2025.