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After coming in flat in the previous month, activity in the Chicago-area manufacturing sector unexpectedly contracted in the month of September, according to a report released by the Institute for Supply Management - Chicago on Wednesday.
The report showed that the index of manufacturing activity fell to 46.1 in September from 50.0 in August, with a reading below 50 indicating a contraction in the sector. The decrease came as a surprise to economists, who had expected the index to edge up to 52.0.
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