US Midwest business index hits highest since October

Chicago PMI 63.0

The pace of business activity in the U.S. Midwest rose more than expected in April, jumping to its highest since October 2013, a report showed on Wednesday.

The Institute for Supply Management-Chicago business barometer was 63.0, up from 55.9 in March, which had been the lowest level for the index since August. Economists were looking for a reading of 56.7 in the month.

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By Reuters