Survey Suggests Growth Slowed in February
The Chicago Fed Survey of Economic Conditions (CFSEC) Activity Index decreased to –14 in February from +7 in January, suggesting that economic growth was below trend. The CFSEC Manufacturing Activity Index decreased to –5 in February from +20 in January, and the CFSEC Nonmanufacturing Activity Index decreased to –16 in February from –2 in the previous month.