Survey Suggests Growth Slowed in November
The Chicago Fed Survey of Business Conditions (CFSBC) Activity Index decreased to –26 in November from +1 in October, suggesting that economic growth was below trend. The CFSBC Manufacturing Activity Index decreased to –35 in November from –9 in October, and the CFSBC Nonmanufacturing Activity Index decreased to –19 in November from +6 in the previous month.