The Federal Reserve Bank of Chicago’s Survey of Economic Conditions Activity Index suggests more stability and less uncertainty across five Midwestern states.
Thom Walstrum, Principal Business Economist for the Federal Reserve Bank of Chicago, said the index increased to +1 in August from –22 in July.
“The survey reading for August was surprisingly strong, given what other similar indicators are saying, but there’s also a fair amount of noise in this indicator. It tends to be jagged, move up one month after moving down the next,” Walstrum said…