Economy
April 21, 2016
March CFNAI Shows Weakening Economic Activity
Written by Sandy Williams
The Chicago Fed National Activity Index (CFNAI), a gauge of economic activity and inflation, decreased to-0.44 in March from -0.38 in February. The three month moving average for the index also moved downwards to -0.18 from the revised February reading of -0.11 indicates national economic growth was below trend and suggest subdued inflationary pressure in the coming year. 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.
