Survey Suggests Growth Slowed in August
The The Chicago Fed Survey of Economic Conditions (CFSEC) Activity Index decreased to +5 in August from +11 in July, suggesting that economic growth was above trend. The CFSEC Manufacturing Activity Index decreased to +20 in August from +32 in July, and the CFSEC Nonmanufacturing Activity Index decreased to -2 in August from a neutral value in July.