trending Market Intelligence /marketintelligence/en/news-insights/trending/sMCgR4Fd8zNb9ALnyW_Wfw2 content esgSubNav
In This List

Chicago Fed's US economic barometer shows February weakness

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade

Blog

Middle East Africa MA by the Numbers: Q3 2021


Chicago Fed's US economic barometer shows February weakness

The Federal Reserve Bank of Chicago's measure of U.S. economic activity weakened further in February as three of the four broad categories making up the index took hits.

The Chicago Fed National Activity Index came in at negative 0.29 in February, down from an upwardly revised negative 0.25 in the previous month and falling short of Econoday's consensus estimate of a positive reading of 0.10.

A positive reading indicates above-average growth.

Production-related factors contributed negative 0.16 to the index in February, compared with an upwardly revised contribution of negative 0.29 in January. Personal consumption and housing contributed negative 0.06 in February, compared with an upwardly revised negative 0.03 in the previous month.

Employment-related indicators contributed negative 0.10 to the index in February, down from January's upwardly revised positive 0.07, while sales, orders and inventories contributed a positive 0.03 after a downwardly revised contribution of 0.01 in the prior month.

Manufacturing industrial production fell 0.4% in February, following a revised 0.5% decline in the prior month.

The index's three-month moving average dropped to negative 0.18 in February from a downwardly revised neutral reading recorded in January.