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Chicago Fed National Activity Index: Economic Growth Increased In January

Seeking Alpha
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The Chicago Fed National Activity Index (CFNAI) climbed to +0.18 in January 2026, reversing December’s -0.21 decline, signaling improved economic growth. All four index categories—production, employment, personal consumption, and housing—rose month-over-month, with two categories contributing positively to the overall gain. The three-month moving average (CFNAI-MA3) improved to -0.06 from -0.29 in December, suggesting a moderating but still subdued economic trend. The index aggregates 85 indicators to measure national economic activity and inflationary pressures, offering a broad snapshot of U.S. economic health. While January’s uptick reflects recovery, the negative three-month average indicates lingering weakness in underlying economic momentum.
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Advisor Perspectives Charts6.58K FollowersFollow5ShareSavePlay(5min)Comment(1)SummaryThe Chicago Fed National Activity Index (CFNAI) rose to +0.18 in January from -0.21 in December.All four broad categories of indicators used to construct the index increased from December, and two categories made positive contributions.The index's three-month moving average, CFNAI-MA3, rose to -0.06 in January from -0.29 in December. J Studios/DigitalVision 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. TheThis article was written byAdvisor Perspectives Charts6.58K 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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