Survey Suggests Steady Growth in June
The Chicago Fed Survey of Business Conditions (CFSBC) Activity Index ticked down to +21 in June from +22 in May, suggesting that economic growth was above trend. The CFSBC Manufacturing Activity Index decreased to +8 in June from +25 in May, but the CFSBC Nonmanufacturing Activity Index increased to +31 in June from +21 in the previous month.