FX.co ★ Chicago Fed National Activity Index at 5-Month High

In August 2025, the Chicago Fed National Activity Index (CFNAI) for the United States rose to -0.12, marking its highest level in five months, compared to a downward revision of -0.28 for the previous month. This indicates that economic growth saw an uptick in August. Indicators related to production contributed -0.02 to the index, improving from -0.17 in July. The category encompassing sales, orders, and inventories remained neutral, an increase from a -0.02 contribution previously. Employment-related indicators provided a contribution of -0.07, an improvement from -0.10. However, the personal consumption and housing category's contribution decreased to -0.03 from +0.02 in July. Additionally, the index’s three-month moving average, known as CFNAI-MA3, rose to -0.18 in August from -0.20 in July.