The Chicago Federal Reserve announced on Monday the Chicago Fed national activity index (CFNAI), a weighted average of 85 different economic indicators, stood at -0.15 in March, up from a revised -0.31 in February (originally -0.29), pointing to a decrease in economic growth.

Economists had forecast the index to come in at 2.55 in March.

At the same time, the index’s three-month moving average declined to -0.18 in March from -0.08 in February.

According to the report, three of the four broad categories of indicators that make up the index increased from February, but three of the four categories made negative contributions to the index in March.

The contribution from production-related indicators to the CFNAI moved up to -0.10 in March from -0.12 in February. Employment-related indicators contributed -0.03 to the CFNAI last month, up from -0.15 in February. The contribution of the personal consumption and housing category to the CFNAI decreased to -0.07 in March from -0.06 in February. Meanwhile, the sales, orders, and inventories category made a contribution of +0.05 to the CFNAI in March, up slightly from +0.01 in February.