Survey Suggests Growth Picked Up in May
The Chicago Fed Survey of Business Conditions (CFSBC) Activity Index increased to −32 in May from –72 in April, suggesting that economic growth remained well below trend. The CFSBC Manufacturing Activity Index moved up to –21 in May from –95 in April, and the CFSBC Nonmanufacturing Activity Index increased to −37 in May from –61 in the previous month.
