Survey Suggests Growth Slowed in September
The Chicago Fed Survey of Economic Conditions (CFSEC) Activity Index decreased to –21 in September from –10 in August, suggesting that economic growth was below trend. The CFSEC Manufacturing Activity Index decreased to –19 in September from –10 in August, and the CFSEC Nonmanufacturing Activity Index decreased to –22 in September from –8 in the previous month.