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Chicago Fed Survey of Business Conditions, April 2020
Survey Shows Growth Slowed Substantially in Late February and March

The Chicago Fed Survey of Business Conditions (CFSBC) Activity Index fell to −59 from +1, suggesting that economic growth was well below trend in late February and March. The CFSBC Manufacturing Activity Index decreased to –41 from –14, and the CFSBC Nonmanufacturing Activity Index fell to −69 from +9.

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