Survey Suggests Growth Slowed in October
The Chicago Fed Survey of Economic Conditions (CFSEC) Activity Index decreased to –37 in October from –20 in September, suggesting that economic growth was well below trend. The CFSEC Manufacturing Activity Index decreased to –51 in October from –17 in September, but the CFSEC Nonmanufacturing Activity Index increased to –23 in October from –27 in the previous month.