The Federal Reserve Bank of Chicago reported that the National Activity Index (CFNAI) dropped to -0.13 in September from 0.05 in August.
- The August monthly index value was revised downwards to +0.05 from an initial expectation of +0.29, and July monthly index was revised to +0.83 from the previous month’s estimate of +0.75.
- The data signals that the economic activity expanded at a slower rate in September compared to August.
- The CFNAI Diffusion Index, which is a 3-months moving average, rose up +0.22 in September from +0.20 in August.
- Production-related measurements led to -0.37 to the CFNAI in September, down from -0.08 in August.
- Industrial production fell 1.3% in September after declining 0.1% in the previous month driven by sales, orders, and inventories.
Employment indicators led to a +0.16 increase in CFNAI in September, up from +0.09 in August. The unemployment rate dropped 0.4 percentage points in September after decreasing 0.2 percentage points in August.
DXY up +0.24%, EUR USD down -0.31%Source: Federal Reserve of Chicago.