Survey Suggests Growth Slowed in June
The Chicago Fed Survey of Economic Conditions (CFSEC) Activity Index decreased to –51 in June from –27 in May, suggesting that economic growth was well below trend. The CFSEC Manufacturing Activity Index decreased to –48 in June from –26 in May, and the CFSEC Nonmanufacturing Activity Index decreased to –52 in June from –27 in the previous month.