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

Thomas Walstrum

Chicago Fed Letter, 2017, No 378

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.

Date: 2017
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