Chicago PMI Jumps To 54.2 In October

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Activity in the Chicago-area manufacturing sector unexpectedly expanded in the month of October, according to a report released by the Institute for Supply Management - Chicago on Friday, with the index of activity in the sector rising to its highest level in over a year.

The report showed that the index of activity in the manufacturing sector rose to 54.2 in October from 46.1 in September, with a reading above 50 indicating growth in the sector. Economists had been expecting the index to increase to a reading of 49.0.

Activity in the Chicago-area manufacturing sector unexpectedly expanded in the month of October, according to a report released by the Institute for Supply Management - Chicago on Friday, with the index of activity in the sector rising to its highest level in over a year. (Market News Provided by RTTNews)