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Post by bot on Nov 1, 2013 20:19:58 GMT -5
Chicago PMI jumps to 65.9% in October
WASHINGTON (MarketWatch) - The Chicago purchasing managers index rose to 65.9% in October, to mark the best performance since March 2011. The increase was unexpected. Economists surveyed by MarketWatch had expected the Chicago PMI to dip to 54.5% from 55.7% in September. Any reading above 50 indicates expansion. The details were also strong. The production, new orders and order backlog indexes posted double-digit gains. Companies were seemingly unaffected by the government shutdown, according to the release. The gain in the headline index is the biggest in 30 years.
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