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Chicago Fed Survey of Economic Conditions, January 2022
Survey Suggests Growth Picked Up in December

The Chicago Fed Survey of Business Conditions (CFSBC) Activity Index increased to –19 in December from –31 in November, suggesting that economic growth was below trend. The CFSBC Manufacturing Activity Index increased to –30 in December from –37 in November, and the CFSBC Nonmanufacturing Activity Index increased to –13 in December from –24 in the previous month.

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