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Chicago Fed Survey of Business Conditions, June 2021
Survey Suggests Growth Moderated in May

The Chicago Fed Survey of Business Conditions (CFSBC) Activity Index decreased to +14 in May from +41 in April, suggesting that economic growth was above trend. The CFSBC Manufacturing Activity Index fell to +15 in May from +66 in April, and the CFSBC Nonmanufacturing Activity Index moved down to +16 in May from +28 in the previous month.

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