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Chicago Fed Survey of Economic Conditions, April 2023
Survey Suggests Growth Slowed in April

The Chicago Fed Survey of Economic Conditions (CFSEC) Activity Index decreased to –37 in April from –8 in March, suggesting that economic growth was well below trend. The CFSEC Manufacturing Activity Index decreased to –55 in April from –7 in March, and the CFSEC Nonmanufacturing Activity Index decreased to –24 in April from –9 in the previous month.

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