Survey Suggests Growth Picked Up in October
The Chicago Fed Survey of Economic Conditions (CFSEC) Activity Index increased to +15 in October from –14 in September, suggesting that economic growth was above trend. The CFSEC Manufacturing Activity Index increased to +14 in October from –10 in September, and the CFSEC Nonmanufacturing Activity Index increased to +16 in October from –19 in the previous month.