Economic Rebound in U.S.: Strong Job Market Boosts Growth Despite Decrease in Some Categories

In March, the U.S. economy experienced an increase in growth due to a strong job market and rising demand. The Chicago Fed National Activity Index rose to 0.15 from an upwardly revised 0.09 in February, indicating overall growth. Despite this, two of the four categories that make up the index saw a decrease from the previous month: production made a less positive contribution, and personal consumption and housing turned negative. However, the three-month moving average of the index increased to minus 19 from minus 0.28 in February, signaling a positive trend across economic activity. Additionally, the CFNAI diffusion index, which measures the spread of changes among indicators over three months, showed improvement as well, rising to minus 0.6 from minus 0.16 a month earlier. This suggests that there is potential for further growth in the U.S. economy in the coming months.