Survey Suggests Growth Picked Up in October
The The Chicago Fed Survey of Economic Conditions (CFSEC) Activity Index increased to +6 in October from -4 in September, suggesting that economic growth was near trend. The CFSEC Manufacturing Activity Index increased to +45 in October from +24 in September, and the CFSEC Nonmanufacturing Activity Index increased to -14 in October from -20 in September.