Survey Suggests Little Change in Growth in March
The Chicago Fed Survey of Business Conditions (CFSBC) Activity Index decreased to +1 in March from +6 in February, suggesting that economic growth was near trend. The CFSBC Manufacturing Activity Index increased to +6 in March from –12 in February, but the CFSBC Nonmanufacturing Activity Index decreased to –3 in March from +16 in the previous month.
