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ALFRED Graph (CFNAIDIFF)

Observation:

Dec 2012: -0.05  
Updated: Jan 22, 2013

Units:

Index,
Not Seasonally Adjusted

Frequency:

Monthly
1Y | 5Y | 10Y | Max
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(a) Chicago Fed National Activity Index: Diffusion Index, Index, Not Seasonally Adjusted (CFNAIDIFF)
The CFNAI Diffusion Index is a metric based on the magnitude of the weight given to each of the underlying indicators in the CFNAI when constructing the index as their weighted average. The index is calculated as the sum of the absolute values of the underlying indicators whose contribution to the CFNAI is positive in a given month less the sum of the absolute values of the weights for those indicators whose contribution is negative or neutral, expressed as a proportion of the total sum of the absolute values of the weights. By construction, the sum of the absolute values of the CFNAI weights is one. To make this measure comparable to the CFNAI-MA3, the three-month moving average is calculated. Source: http://www.chicagofed.org/digital_assets/publications/cfnai/background/cfnai_background.pdf

Chicago Fed National Activity Index: Diffusion Index

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(a) Chicago Fed National Activity Index: Diffusion Index, Index, Not Seasonally Adjusted (CFNAIDIFF)
The CFNAI Diffusion Index is a metric based on the magnitude of the weight given to each of the underlying indicators in the CFNAI when constructing the index as their weighted average. The index is calculated as the sum of the absolute values of the underlying indicators whose contribution to the CFNAI is positive in a given month less the sum of the absolute values of the weights for those indicators whose contribution is negative or neutral, expressed as a proportion of the total sum of the absolute values of the weights. By construction, the sum of the absolute values of the CFNAI weights is one. To make this measure comparable to the CFNAI-MA3, the three-month moving average is calculated. Source: http://www.chicagofed.org/digital_assets/publications/cfnai/background/cfnai_background.pdf

Chicago Fed National Activity Index: Diffusion Index

Select a date that will equal 100 for your custom index:
to

Customize data:

Write a custom formula to transform one or more series or combine two or more series.

You can begin by adding a series to combine with your existing series.

Now create a custom formula to combine or transform the series.
Need help? []

Finally, you can change the units of your new series.

Select a date that will equal 100 for your custom index:

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Shaded areas indicate U.S. recessions
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NOTES
Title Release Dates
Chicago Fed National Activity Index: Diffusion Index 2012-06-25 2018-04-23
 
Source    
Federal Reserve Bank of Chicago 2012-06-25 2018-04-23
 
Release    
Chicago Fed National Activity Index 2012-06-25 2018-04-23
 
Units    
Index 2012-06-25 2018-04-23
 
Frequency    
Monthly 2012-06-25 2018-04-23
 
Seasonal Adjustment    
Not Seasonally Adjusted 2012-06-25 2018-04-23
 
Notes    
The CFNAI Diffusion Index is a metric based on the magnitude of the weight given to each of the underlying indicators in the CFNAI when constructing the index as their weighted average. The index is calculated as the sum of the absolute values of the underlying indicators whose contribution to the CFNAI is positive in a given month less the sum of the absolute values of the weights for those indicators whose contribution is negative or neutral, expressed as a proportion of the total sum of the absolute values of the weights. By construction, the sum of the absolute values of the CFNAI weights is one. To make this measure comparable to the CFNAI-MA3, the three-month moving average is calculated. Source: http://www.chicagofed.org/digital_assets/publications/cfnai/background/cfnai_background.pdf

2012-06-25 2018-04-23
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Chicago Fed National Activity Index Diffusion Chicago Fed Indexes Monthly United States of America Not Seasonally Adjusted Nation
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