“Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) moved up slightly to +0.27 in December from +0.21 in November,” the Federal Reserve Bank of Chicago reported on Monday.
Key takeaways from the press release
- The CFNAI Diffusion Index, which is also a three-month moving average, edged up to +0.14 in December from +0.11 in November.
- The contribution from production-related indicators to the CFNAI increased to +0.22 in December from +0.02 in November.
- Employment-related indicators contributed +0.11 to the CFNAI in December, up slightly from +0.10 in November.
- Total nonfarm payrolls rose by 312,000 in December after increasing by 176,000 in the previous month.
Share
