Economy
March 22, 2016
CFNAI Lower Than Expected in February
Written by Sandy Williams
The Chicago Fed National Activity Index dropped lower than expected in February for reading of -0.29 percent from +0.41 percent in January. The reading of -0.29 indicates below average growth for the national economy.
The four main components of the headline index, production and income; employment, unemployment, and hours; personal consumption and housing; and sales, orders, and inventories, all declined to negative percentages in February.
