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United States Chicago Fed National Activity Index (CFNAI) Production Index

Price

0.35 %
Change +/-
+0.28 %
Percentage Change
+133.33 %

The current value of the Chicago Fed National Activity Index (CFNAI) Production Index in United States is 0.35 %. The Chicago Fed National Activity Index (CFNAI) Production Index in United States increased to 0.35 % on 2/1/2024, after it was 0.07 % on 11/1/2023. From 3/1/1967 to 7/1/2024, the average GDP in United States was -0 %. The all-time high was reached on 6/1/2020 with 2.44 %, while the lowest value was recorded on 4/1/2020 with -5.62 %.

Source: Federal Reserve Bank of Chicago

Chicago Fed National Activity Index (CFNAI) Production Index

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CFNAI Production Index

Chicago Fed National Activity Index (CFNAI) Production Index History

DateValue
2/1/20240.35 %
11/1/20230.07 %
7/1/20230.09 %
4/1/20230.13 %
1/1/20230.33 %
9/1/20220.01 %
7/1/20220.01 %
4/1/20220.01 %
3/1/20220.22 %
2/1/20220.26 %
1
2
3
4
5
...
37

Similar Macro Indicators to Chicago Fed National Activity Index (CFNAI) Production Index

NameCurrentPreviousFrequency
🇺🇸
Automobile production
11.18 M Units11.73 M UnitsMonthly
🇺🇸
Bankruptcies
20,316 Companies18,926 CompaniesQuarter
🇺🇸
Business Climate
48.5 points48.7 pointsMonthly
🇺🇸
Business Inventories
0.5 %0.3 %Monthly
🇺🇸
Capacity Utilization
78.7 %78.2 %Monthly
🇺🇸
CFNAI Employment Index
0 points-0.05 pointsMonthly
🇺🇸
CFNAI Index for Personal Consumption and Housing
-0.02 points-0.02 pointsMonthly
🇺🇸
CFNAI Sales, Order, and Inventory Index
-0.02 %-0.01 %Monthly
🇺🇸
Changes in Inventory Levels
71.7 B USD17.7 B USDQuarter
🇺🇸
Chicago Fed National Activity Index
0.18 points-0.26 pointsMonthly
🇺🇸
Chicago PMI
46.1 points45.3 pointsMonthly
🇺🇸
Composite Leading Indicator
99.969 points99.991 pointsMonthly
🇺🇸
Composite PMI
54.4 points54.6 pointsMonthly
🇺🇸
Consistency Index
143.15 points142.9 pointsMonthly
🇺🇸
Corn Grain Reserves
4.993 B Bushels8.347 B BushelsQuarter
🇺🇸
Corporate profits
2.727 T USD2.803 T USDQuarter
🇺🇸
Dallas Fed Manufacturing Delivery Index
2.8 points-3 pointsMonthly
🇺🇸
Dallas Fed Manufacturing Employment Index
-2.9 points-5.3 pointsMonthly
🇺🇸
Dallas Fed Manufacturing Index
-15.1 points-19.4 pointsMonthly
🇺🇸
Dallas Fed Manufacturing Prices Paid Index
21.5 points20.4 pointsMonthly
🇺🇸
Dallas Fed Manufacturing Production Index
0.7 points-2.8 pointsMonthly
🇺🇸
Dallas Fed New Order Index
-1.3 points-2.2 pointsMonthly
🇺🇸
Dallas Fed Service Sector Revenue Index
7.7 points1.9 pointsMonthly
🇺🇸
Dallas Fed Services Index
-4.1 points-12.1 pointsMonthly
🇺🇸
Durable Goods Orders
0 %9.8 %Monthly
🇺🇸
Durable Goods Orders Excluding Defense
-0.2 %-0.5 %Monthly
🇺🇸
Durable Goods Orders Excluding Transportation
0.5 %-0.1 %Monthly
🇺🇸
Factory Orders
5 %-3.3 %Monthly
🇺🇸
Factory Orders Excluding Transportation
0.7 %0.4 %Monthly
🇺🇸
Grain Reserves Wheat
702 M Bushels1.087 B BushelsQuarter
🇺🇸
Industrial production
0.4 %-0.7 %Monthly
🇺🇸
Industrial Production MoM
0.9 %0 %Monthly
🇺🇸
ISM Manufacturing Backlog
43.6 points41.7 pointsMonthly
🇺🇸
ISM Manufacturing Deliveries
52.6 points49.8 pointsMonthly
🇺🇸
ISM Manufacturing Employment
49.3 points51.1 pointsMonthly
🇺🇸
ISM Manufacturing Inventory Levels
50.3 points44.5 pointsMonthly
🇺🇸
ISM Manufacturing Prices
52.1 points57 pointsMonthly
🇺🇸
ISM Manufacturing Production
45.9 points48.5 pointsMonthly
🇺🇸
ISM New Orders Manufacturing
49.3 points45.4 pointsMonthly
🇺🇸
ISM New Orders Non-Manufacturing
54.1 points52.2 pointsMonthly
🇺🇸
ISM Non-Manufacturing Business Activity
53.3 points54.5 pointsMonthly
🇺🇸
ISM Non-Manufacturing Employment
47.1 points45.9 pointsMonthly
🇺🇸
ISM Non-Manufacturing Prices
58.1 points59.2 pointsMonthly
🇺🇸
Kansas Fed Composite Index
-8 points-2 pointsMonthly
🇺🇸
Kansas Fed Employment Index
-7 points-12 pointsMonthly
🇺🇸
Kansas Fed Manufacturing Index
-11 points-1 pointsMonthly
🇺🇸
Kansas Fed Manufacturing Index
-13 points-6 pointsMonthly
🇺🇸
Kansas Fed Manufacturing Index
-1 points-18 pointsMonthly
🇺🇸
Kansas Fed Paid Prices Index
19 points18 pointsMonthly
🇺🇸
Leading Indicator
101.2 points101.7 pointsMonthly
🇺🇸
LMI Logistics Manager Index Future
66.1 points65.5 pointsMonthly
🇺🇸
LMI Storage Costs
63.6 points65.2 pointsMonthly
🇺🇸
LMI Transport Prices
61 points57.8 pointsMonthly
🇺🇸
LMI Warehouse Prices
64.5 points64.9 pointsMonthly
🇺🇸
LMI-Logistics Manager Index
56.5 points55.3 pointsMonthly
🇺🇸
Manufacturing PMI
51.6 points51.3 pointsMonthly
🇺🇸
Manufacturing Production
0.2 %-0.7 %Monthly
🇺🇸
Manufacturing Production MoM
0.9 %-0.4 %Monthly
🇺🇸
Mining Production
0.1 %-1.1 %Monthly
🇺🇸
New Orders
592.14 B USD563.972 B USDMonthly
🇺🇸
NFIB Business Optimism Index
90.5 points89.7 pointsMonthly
🇺🇸
NY Empire State Employment Index
-8.7 points-6.4 pointsMonthly
🇺🇸
NY Empire State Manufacturing Index
-6 points-15.6 pointsMonthly
🇺🇸
NY Empire State Manufacturing Index
-1 points-16.5 pointsMonthly
🇺🇸
NY Empire State Manufacturing Index
3.3 points-1.2 pointsMonthly
🇺🇸
NY Empire State Prices Paid Index
23.2 points23.4 pointsMonthly
🇺🇸
Orders for Capital Goods Excluding Defense and Aircraft
1 %-0.9 %Monthly
🇺🇸
Philadelphia Fed Manufacturing Index
1.3 points4.5 pointsMonthly
🇺🇸
Philly Fed Business Climate
15.8 points15.4 pointsMonthly
🇺🇸
Philly Fed CAPEX Index
12.1 points20.1 pointsMonthly
🇺🇸
Philly Fed Employment
-2.5 points-7.9 pointsMonthly
🇺🇸
Philly Fed New Orders
-2.2 points-7.9 pointsMonthly
🇺🇸
Philly Fed Prices Paid
22.5 points18.7 pointsMonthly
🇺🇸
PMI Non-Manufacturing Sector
53.8 points49.4 pointsMonthly
🇺🇸
Retail Inventory Excluding Autos
0.4 %0.5 %Monthly
🇺🇸
Richmond Fed Manufacturing Index
-10 points0 pointsMonthly
🇺🇸
Richmond Fed Manufacturing Shipments
-9 points13 pointsMonthly
🇺🇸
Richmond Fed Services Index
-1 points-11 pointsMonthly
🇺🇸
Services PMI
55.1 points54.8 pointsMonthly
🇺🇸
Soybean Grain Reserves
969 M Bushels1.845 B BushelsQuarter
🇺🇸
Steel production
7 M Tonnes6.9 M TonnesMonthly
🇺🇸
Total Vehicle Sales
15.13 M 15.82 M Monthly
🇺🇸
Vehicle Registrations
279,800 261,300 Monthly
🇺🇸
Wholesale Inventory Levels
0.6 %0.2 %Monthly

In the United States, the CFNAI Production and Income Index measures the contribution of production-related indicators to the Chicago Fed National Activity Index (CFNAI), a monthly index designed to assess overall economic activity. This index accounts for 32 percent of the CFNAI and includes indicators such as industrial production, the ISM Manufacturing Production Index, and construction spending.

What is Chicago Fed National Activity Index (CFNAI) Production Index?

The Chicago Fed National Activity Index (CFNAI) Production Index is one of the pivotal subcomponents of the broader CFNAI, meticulously crafted to provide a comprehensive glimpse into the macroeconomic landscape of the United States. At Eulerpool, we pride ourselves on presenting nuanced and robust macroeconomic data, and the CFNAI Production Index stands as a cornerstone for discerning economic analysts, investors, policymakers, and academics alike. The CFNAI Production Index reflects the production-related aspect of the broader CFNAI, which encompasses 85 discrete economic indicators. It zeroes in on the industrial production sector, including the outputs of manufacturing, electricity, and mining sectors. This subset is instrumental in elucidating the vitality and trends within the production and industrial sectors of the economy, providing critical insights into the country's economic trajectory. Analyzing the CFNAI Production Index provides a layered understanding of economic fluctuations. The index values are standardized, where a zero value signals that the national economy is expanding at its historical trend rate of growth. Positive values indicate above-average growth, while negative values suggest below-average growth. Such a precise calibration allows for real-time and retrospective analysis, granting stakeholders the ability to gauge economic health with a fine-tooth comb. The fluctuations in the CFNAI Production Index can be attributed to several underlying factors. These include changes in manufacturing output, variations in electricity generation, and shifts in mining activities. Manufacturing output, a significant component, often mirrors consumer and business demand. Hence, a surge in the production index often indicates heightened economic activity, reflective of strong consumer confidence and increased business investments. Conversely, a decline may flag potential economic slowdowns, prompting concerns over future economic stability. Electricity production is another crucial element feeding into the CFNAI Production Index. It is closely tied to both residential and industrial electricity usage. Analysis of this component provides an intriguing insight into economic health – high electricity production typically correlates with increased industrial activity and domestic consumption, signaling robust economic performance. Any downturn might suggest reduced industrial operations or lower household consumption, potentially precursors of broader economic malaise. Similarly, mining production’s influence on the CFNAI Production Index is of significant analytic value. The mining sector, encompassing oil and gas extraction and coal mining, is directly tied to global commodity prices and technological advancements. Notably, shifts in energy prices can have a ripple effect on the entire economy, making the mining component of the CFNAI Production Index an essential metric for predicting inflationary trends and overall economic performance. Historical analysis of the CFNAI Production Index reveals its reliability as an economic indicator. For instance, during economic expansions, the index values typically stay in positive territory, reflecting increased industrial activity and a robust economy. Conversely, during recessions, the index often plunges into negative territory, mirroring decreases in industrial production as businesses curtail outputs and consumer demand wanes. These historical patterns underscore the CFNAI Production Index's value in both real-time forecasting and retrospective economic analysis. For investors, the CFNAI Production Index provides a goldmine of information, helping to shape investment strategies. A rising production index may signify an opportune time to invest in sectors tied to industrial production, such as manufacturing, energy, and capital goods. Conversely, a declining production index may signal caution, prompting a shift towards sectors traditionally resilient to economic downturns, such as utilities and healthcare. Policymakers also derive immense value from the CFNAI Production Index. By monitoring trends within the index, policymakers can make informed decisions regarding fiscal and monetary policy. For example, consistent negative readings may prompt interventions aimed at stimulating economic activity, such as reducing interest rates or implementing fiscal stimulus measures. Furthermore, the index's granular insight into specific sectors can inform targeted policy responses to bolster lagging industries while avoiding over-stimulation of already robust sectors. In academia, the CFNAI Production Index serves as a vital resource for economic research and education. Scholars can leverage the index to study industrial production trends, analyze the impact of economic policies, and forecast future economic developments. The detailed data provided by the CFNAI Production Index offers a rich empirical basis for academic inquiry, facilitating a deeper understanding of macroeconomic dynamics. At Eulerpool, we understand the paramount importance of the CFNAI Production Index within the broader landscape of macroeconomic analysis. Our platform is dedicated to providing users with accurate, timely, and detailed macroeconomic data, and the CFNAI Production Index is an integral component of our offerings. By presenting this comprehensive index, we empower our users to make informed decisions, whether they are investors seeking to maximize returns, policymakers striving to foster economic stability, or academics delving into the intricacies of economic theory. In conclusion, the CFNAI Production Index is an indispensable tool for understanding the United States' industrial and production sector's health. Its detailed data offers invaluable insights for a wide array of stakeholders, from investors and policymakers to academics. At Eulerpool, we are committed to delivering this critical information with precision and clarity, helping our users navigate the complex terrain of macroeconomic analysis with confidence and acumen. As you explore the CFNAI Production Index on our platform, you will gain a deeper appreciation for the intricate dynamics that drive economic growth and stability, enabling you to make well-informed decisions in an ever-evolving economic landscape.