Survey Suggests Growth Moved Up In August
The Chicago Fed Survey of Economic Conditions (CFSEC) Activity Index increased to +1 in August from –22 in July, suggesting that economic growth was near trend. The CFSEC Manufacturing Activity Index increased to +10 in August from +3 in July, and the CFSEC Nonmanufacturing Activity Index increased to –5 in August from –39 in the previous month.