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US Midwest Business Index Expands to 54.2 in October
By: Reuters
Business activity in the U.S. Midwest expanded in October to the highest level since September 2008, a report showed Friday.
The National Association of Purchasing Management-Chicago business barometer rose to 54.2 from 46.1 in September, versus analysts' expectations for 49.0.
A reading above 50 indicates expansion. The employment component of the index fell to 38.3 from 38.8 in September. Prices paid fell to 48.6 from 51.3 and new orders rose to 61.4 from 46.3.
Copyright 2009 Reuters. Click for restrictions.
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