“Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.22 in November from a neutral reading in October,” the Federal Reserve Bank of Chicago announced on Monday.
Key takeaways from the press release
- The CFNAI Diffusion Index, which is also a three-month moving average, decreased to +0.06 in November from +0.21 in October.
- Industrial production rose 0.6 percent in November after decreasing 0.2 percent in October.
- Employment-related indicators contributed +0.10 to the CFNAI in November, down from +0.15 in October.
- The contribution of the personal consumption and housing category to the CFNAI ticked down to -0.05 in November from -0.04 in October.
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