The Chicago Fed National Activity Index in the US rose to +0.07 in September 2026 from -0.08 in August, suggesting economic activity increased. Production-related indicators contributed +0.13 to the Chicago Fed National Activity Index (CFNAI) in September, improving from –0.06 in August. The contribution from sales, orders, and inventories also strengthened, rising to +0.02 from –0.03 in the previous month. Employment-related indicators made a neutral contribution, up from –0.02 in August. In contrast, personal consumption and housing weighed on the index, with their contribution declining to –0.08 from +0.02 a month earlier. The index’s three-month moving average, CFNAI-MA3, increased to +0.03 in September from +0.01 in August.