US CFNAI Index and 3-Month Average
US Chicago Fed national activity index, monthly economic indicators, and diffusion index from FRED since 1967.
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | 08-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CFNAI Monthly | -0.04 | 0.08 | -0.01 | -0.1 | 0.13 | -0.11 | 0.22 | -0.07 | -0.06 | -0.31 | -0.5 | -0.31 | -0.35 | 0.02 | -0.09 | -0.31 | -0.36 | 0.16 | 0.39 | -0.5 | 0.33 | -0.05 | -0.56 | -0.29 | -0.08 | -0.39 | -0.22 | 0.16 | -0.38 | -0.13 | 0.26 | -0.98 | -0.12 | 0.14 | -0.51 | -0.03 | -0.17 | |
| CFNAI 3-Month Average | 0.01 | -0.01 | 0.01 | -0.02 | 0.08 | 0.01 | 0.03 | -0.15 | -0.29 | -0.37 | -0.39 | -0.22 | -0.14 | -0.12 | -0.25 | -0.17 | 0.06 | 0.01 | 0.07 | -0.07 | -0.09 | -0.3 | -0.31 | -0.25 | -0.23 | -0.15 | -0.15 | -0.12 | -0.08 | -0.28 | -0.28 | -0.32 | -0.16 | -0.13 | -0.24 | -0.02 | -0.15 | |
| CFNAI Diffusion Index | 0.02 | 0.04 | 0.02 | 0.02 | 0.06 | 0.02 | -0.09 | -0.27 | -0.48 | -0.54 | -0.56 | -0.33 | -0.17 | -0.2 | -0.39 | -0.4 | -0.13 | -0.16 | -0.02 | -0.13 | -0.14 | -0.33 | -0.36 | -0.24 | -0.29 | -0.16 | -0.25 | -0.21 | -0.25 | -0.29 | -0.26 | -0.2 | -0.13 | -0.11 | -0.33 | -0.08 | -0.15 |
Latest reading
CFNAI 3-Month Average stood at 0.01 in Aug 2026. That is +0.02 from Jul 2026 and +0.15 from a year earlier. The series on this page is monthly and runs from May 1967 to Aug 2026. Source: FRED (Federal Reserve Bank of St. Louis).
- Latest
- 0.01
- Aug 2026
- vs previous period
- +0.02
- Jul 2026
- vs a year earlier
- +0.15
About this data
US Chicago Fed national activity index, monthly economic indicators, and diffusion index from FRED since 1967. This dataset combines eighty-five national economic indicators into a single coincident measure tracking overall growth trends. Explore the monthly index, the three-month moving average, and the diffusion index published by the Federal Reserve Bank of Chicago. Values indicate whether the United States economy is expanding above or below its historical trend.
Frequently asked questions
- What is the US CFNAI and how is it defined?
- The US Chicago Fed National Activity Index is a monthly composite index that combines eighty-five economic indicators to gauge overall United States economic growth and inflationary pressure relative to historical trends.
- How often is the US CFNAI published and how far back does it go?
- The index is published monthly by the Federal Reserve Bank of Chicago, with data series extending back to 1967.
- What specific measures are included in this data table?
- The table includes the CFNAI monthly index, the CFNAI three-month moving average, and the CFNAI diffusion index, all measured in points.
- How should the US CFNAI values be interpreted?
- A value of zero indicates that the United States economy is growing in line with its historical trend, while negative values point to below-trend growth. A three-month moving average below specific thresholds is often monitored by analysts to signal potential economic recessions.
