Survey Suggests Growth Picked Up in November
The Chicago Fed Survey of Business Conditions (CFSBC) Activity Index increased to –4 in November from –22 in October, suggesting that economic growth was near trend. The CFSBC Manufacturing Activity Index moved up to +13 in November from +4 in October, and the CFSBC Nonmanufacturing Activity Index increased to –10 in November from –31 in the previous month.
