The Chicago Fed National Activity Index (CFNAI) decreased to -0.25 in April 2025 from +0.03 in March, indicating below-trend economic growth.

• The CFNAI-MA3 (three-month moving average) remained unchanged at +0.05 in April.
• The CFNAI Diffusion Index decreased to -0.05 in April from -0.02 in March.
• Production-related indicators contributed -0.18 to the CFNAI in April, down from -0.07 in March.
• Sales, orders, and inventories contributed -0.04 in April, down from +0.06 in March.
• Employment-related indicators made a neutral contribution in April, up from -0.05 in March.
• Personal consumption and housing contributed -0.04 in April, down from +0.09 in March.