Observation:
Sep 2024: -0.16 (+ more) Updated: Oct 24, 2024 7:34 AM CDTSep 2024: | -0.16 | |
Aug 2024: | -0.21 | |
Jul 2024: | -0.07 | |
Jun 2024: | -0.16 | |
May 2024: | -0.08 | |
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Units:
Index,Frequency:
MonthlyData in this graph are copyrighted. Please review the copyright information in the series notes before sharing.
Source: Federal Reserve Bank of Chicago
Release: Chicago Fed National Activity Index
Units: Index, Not Seasonally Adjusted
Frequency: Monthly
The CFNAI Diffusion Index is a metric based on the magnitude of the weight given to each of the underlying indicators in the CFNAI when constructing the index as their weighted average. The index is calculated as the sum of the absolute values of the underlying indicators whose contribution to the CFNAI is positive in a given month less the sum of the absolute values of the weights for those indicators whose contribution is negative or neutral, expressed as a proportion of the total sum of the absolute values of the weights. By construction, the sum of the absolute values of the CFNAI weights is one. To make this measure comparable to the CFNAI-MA3, the three-month moving average is calculated. Source: http://www.chicagofed.org/digital_assets/publications/cfnai/background/cfnai_background.pdf
Federal Reserve Bank of Chicago, Chicago Fed National Activity Index: Diffusion Index [CFNAIDIFF], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CFNAIDIFF, .