United States Chicago Fed National Activity Index

Last Release

Nov 30, 2025

Actual

-0.04

Units In

Points

-0.12

Frequency

Monthly

Next Release

Feb 23, 2026

Time to Release

26 Days 15 Hours

Highest	Lowest	Average	Date Range	Source
6.01 Jun 2020	-17.79 Apr 2020	0 Points	1967-2025	Federal Reserve Bank of Chicago

The Chicago Fed National Activity Index (CFNAI) is designed to gauge overall economic activity and related inflationary pressure. The CFNAI is based on a weighted average of 85 existing monthly indicators of national economic activity. It has an average value of zero and a standard deviation of one. Since economic activity tends toward trend growth rate over time, a positive reading corresponds to growth above trend and a negative reading corresponds to growth below trend.

Latest Updates

The Chicago Fed National Activity Index (CFNAI) in the US rose to -0.04 in November 2025 from -0.42 in October which was the lowest in ten months, signalling that economic growth increased on the month. Production-related indicators contributed +0.08, up from -0.26 in October. The sales, orders, and inventories category's contribution was -0.03 in November, unchanged from October. Employment-related indicators contributed -0.07, up from -0.11 in October and the personal consumption and housing category's contribution was -0.02, up from -0.03 in October. Meanwhile, the CFNAI Diffusion Index, which is also a three-month moving average, increased to -0.24 in November from -0.43 in October.