US Midwest business index higher in Feb, beating forecast

Published Fri, Feb 28 20149:45 AM ESTUpdated Fri, Feb 28 20149:53 AM EST

A worker sands an aluminum case at the Aluminum Case Company, a division of MFZ Ventures, Inc.

Tim Boyle | Bloomberg | Getty Images

The pace of business activity in the U.S. Midwest rose slightly in February, beating expectations and snapping a three month run of slower growth, a report showed on Friday.

The Institute for Supply Management-Chicago business barometer edged up to 59.8 from 59.6 in January. Economists' median forecast in a Reuters poll was 57.0.

—By Reuters