The Chicago Federal Reserve informed on Monday the Chicago
Fed national activity index (CFNAI), a weighted average of 85 different economic
indicators, came in at +0.18 in February, compared to a downwardly revised -0.08 (from -0.03) in January,
pointing to an increase in economic growth in the previous month.
Meanwhile, the
index’s three-month moving average gained to +0.15 in February from +0.07 in January.
According to
the report, three of the four broad categories of indicators of the CFNAI increased
from January, and two of them made positive contributions.
The
production-related indicators contributed +0.19 to the headline indicator in February,
up from +0.02 in the previous month. The employment-related indicators
contributed +0.02 to the CFNAI, down from +0.08 in January. Meanwhile, the
sales, orders, and inventories category’s contribution to the CFNAI was -0.01,
up from -0.04 in January. The personal consumption and housing category also contributed
-0.01, up from -0.14 in January.