Survey Suggests Growth Slowed Further in April
The Chicago Fed Survey of Business Conditions (CFSBC) Activity Index decreased to −69 in April from –55 in March, suggesting that economic growth remained well below trend. The CFSBC Manufacturing Activity Index fell to –94 in April from –48 in March, but the CFSBC Nonmanufacturing Activity Index ticked up to −57 in April from –58 in the previous month.
