Survey Suggests Growth Slowed in July
The Chicago Fed Survey of Economic Conditions (CFSEC) Activity Index decreased to –51 in July from –31 in June, suggesting that economic growth was well below trend. The CFSEC Manufacturing Activity Index decreased to –56 in July from –30 in June, and the CFSEC Nonmanufacturing Activity Index decreased to –47 in July from –31 in the previous month.