Survey Suggests Growth Moved Up in December
The Chicago Fed Survey of Economic Conditions (CFSEC) Activity Index increased to a neutral value in December from –11 in November, suggesting that economic growth was near trend. The CFSEC Manufacturing Activity Index increased to –11 in December from –14 in November, and the CFSEC Nonmanufacturing Activity Index increased to +12 in December from –9 in the previous month.