Survey Suggests Growth Slowed Slightly in November
The Chicago Fed Survey of Economic Conditions (CFSEC) Activity Index decreased to –32 in November from –27 in October, suggesting that economic growth was well below trend. The CFSEC Manufacturing Activity Index decreased to –38 in November from –33 in October, and the CFSEC Nonmanufacturing Activity Index decreased to –27 in November from –23 in the previous month.