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Packet 20230417
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10C Consent
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3/21/2024 5:51:46 PM
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5/31/2023 11:56:27 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
4/17/2023
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PERM
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Source: The Conference Board Source: Federal Reserve Bank of Chicago <br />Economic Activity <br />The Conference Board’s Leading Economic Index (LEI)remained in negative territory for the eleventh consecutive month at -0.3%in January, <br />following -0.8%in December.The LEI was down 5.9%year-over-year in January versus down 6.1%year-over-over in December.The monthly <br />decline lessened in January,but the data continues to signal future contraction in the economy.The Chicago Fed National Activity Index <br />(CFNAI)increased to +0.23 in January from -0.46 in December due to robust retail sales and employment.On a 3-month moving average basis, <br />the CFNAI increased to -0.26 in January from -0.34 in December. <br />-0.50 <br />-0.25 <br />0.00 <br />0.25 <br />0.50 <br />0.75 <br />1.00 <br />Chicago Fed National Activity Index (CFNAI)3 Month Average-1.0% <br />-0.5% <br />0.0% <br />0.5% <br />1.0% <br />1.5% <br />Leading Economic Indicators (LEI)MOM ( %) Change7
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