Survey Suggests Growth Slowed in October
The Chicago Fed Survey of Business Conditions (CFSBC) Activity Index decreased to –20 in October from +8 in September, suggesting that economic growth was below trend. The CFSBC Manufacturing Activity Index fell to +7 in October from +41 in September, and the CFSBC Nonmanufacturing Activity Index moved down to –30 in October from –8 in the previous month.
