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Chicago Fed National Activity Index: Economic Growth Decreased In February

Seeking Alpha
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⚡ Quantum Brief
The Chicago Fed’s National Activity Index (CFNAI) dropped to -0.11 in February 2026, down from January’s +0.20, signaling a slowdown in U.S. economic growth. The three-month moving average (CFNAI-MA3) slightly improved to -0.01 from -0.02, suggesting marginal stabilization despite the monthly decline. Two of the index’s four key categories—production/employment and sales/orders—fell from January, while three categories contributed negatively to the overall reading. The CFNAI aggregates 85 indicators across production, employment, personal consumption, and housing to measure economic activity and inflationary pressures. Analysts note the decline reflects broader economic softening, though the modest moving average shift hints at cautious optimism for near-term stability.
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Advisor Perspectives Charts6.59K FollowersFollow5ShareSavePlay(5min)CommentsSummaryThe Chicago Fed National Activity Index (CFNAI) fell to -0.11 in February from +0.20 in January.The index's three-month moving average, CFNAI-MA3, rose to -0.01 in February from -0.02 in January.Two of the four broad categories of indicators used to construct the index decreased from January, and three categories made negative contributions. NVS/iStock via Getty Images By Jennifer Nash The Chicago Fed's National Activity Index is a monthly indicator designed to gauge overall economic activity and related inflationary pressure. It is a composite of 85 monthly indicators across four broad categories.This article was written byAdvisor Perspectives Charts6.59K FollowersFollowAdvisor Perspectives is a leading interactive publisher for Registered Investment Advisors. Our AP Charts & Analysis portion of our website analyzes economic and market trends.

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