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Federal Reserve Bank of Chicago
Chicago Fed Letter
Can the CFSBC Activity Index Nowcast U.S. Real GDP Growth?
Thomas Walstrum
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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Thomas Walstrum, "Can the CFSBC Activity Index Nowcast U.S. Real GDP Growth?" , Federal Reserve Bank of Chicago, Chicago Fed Letter, number 378, 2017.
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