Survey Suggests Little Change in Growth in March
The Chicago Fed Survey of Economic Conditions (CFSEC) Activity Index decreased to –10 in March from –9 in February, suggesting that economic growth was below trend. The CFSEC Manufacturing Activity Index increased to +12 in March from +3 in February, but the CFSEC Nonmanufacturing Activity Index decreased to –21 in March from –12 in the previous month.
