The Chicago Fed National Activity Index fell to -0.03 in January, down from a slightly upwardly revised reading of 0.18 in December.

• Production-related indicators contributed +0.03 in January, down from +0.19 in December.
• The sales, orders, and inventories category made no contribution in January, up from -0.04 in December.
• Employment-related indicators contributed +0.07 in January, up from +0.01 in December.
• The personal consumption and housing category's contribution was -0.14 in January, down from +0.02 in December.