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Chicago Fed Survey of Business Conditions, January 2020
Survey Shows Steady Growth in Late November and December

The Chicago Fed Survey of Business Conditions (CFSBC) Activity Index edged down to −8 from −6, suggesting that growth in economic activity remained at a modest pace in late November and December. The CFSBC Manufacturing Activity Index decreased to –12 from +3, while the CFSBC Nonmanufacturing Activity Index moved up to –5 from –9.

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