Survey Shows Growth Continued at a Modest Pace in Late November and December
The Chicago Fed Survey of Business Conditions (CFSBC) Activity Index declined to −17 from −12, suggesting that growth in economic activity continued at a modest pace in late November and December. The CFSBC Manufacturing Activity Index rose to −20 from –37, and the CFSBC Nonmanufacturing Activity Index fell to −16 from zero.
