Survey Suggests Growth Moved Up in January
The Chicago Fed Survey of Economic Conditions (CFSEC) Activity Index increased to +7 in January from –17 in December, suggesting that economic growth was near trend. The CFSEC Manufacturing Activity Index increased to +21 in January from a neutral value in December, and the CFSEC Nonmanufacturing Activity Index increased to –2 in January from –25 in the previous month.