2017 Economic Calendar
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Chicago Fed National Activity Index  
Released On 3/20/2017 8:30:00 AM For Feb, 2017
PriorPrior RevisedActual
Level-0.05 -0.02 0.34 
3 Month Moving Average-0.03 0.07 0.25 

Led by employment and including strength for production, February was a good month for the economy. The national activity index rose to 0.34 vs a revised minus 0.2 in January, lifting the 3-month average to a 2-year high at plus 0.25.

Employment contributed 0.21 to the February index, up from 0.06 in the prior month as payroll growth proved strong and the unemployment rate edged lower. The manufacturing component of the industrial production report showed strength as production indicators contributed 0.09 vs January's 0.04.

The drag from personal consumption and housing eased to minus 0.03 from minus 0.11, while the sales, orders, and inventories category made a contribution of 0.08, vs January's minus 0.01.

Employment is of course the key for the economy with continued strength boosting consumption and housing while continued strength in manufacturing would help production and also sales, orders and inventories.

The Chicago Fed National Activity Index (CFNAI) is a monthly index that tracks overall economic activity and inflationary pressures. The CFNAI is a weighted average of 85 existing monthly indicators of national economic activity. It is constructed to have an average value of zero and a standard deviation of one. Since economic activity tends toward trend growth over time, a positive index reading corresponds to growth above trend and a negative index reading corresponds to growth below trend.  Why Investors Care

2017 Release Schedule
Released On: 1/262/233/204/245/226/267/278/219/2510/2311/2112/21
Release For: DecJanFebMarAprMayJunJulAugSepOctNov

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