Survey Suggests Growth Picked Up in February
The Chicago Fed Survey of Economic Conditions (CFSEC) Activity Index increased to –13 in February from –21 in January, suggesting that economic growth was below trend. The CFSEC Manufacturing Activity Index increased to +3 in February from –11 in January, and the CFSEC Nonmanufacturing Activity Index increased to –24 in February from –27 in the previous month.