Can the CFSBC Activity Index Nowcast U.S. Real GDP Growth?

Abstract: This article examines how well the Chicago Fed Survey of Business Conditions (CFSBC) Activity Index does at predicting U.S. real gross domestic product (GDP) growth for the current quarter (nowcasting). It also compares the index?s nowcasting performance with those of other economic indicators.

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Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2017

Order Number: 378