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Chicago Business Barometer Up 5.7 Points to 66.2 in October
The Chicago Business Barometer rose 5.7 points to a one year high of 66.2 in October, fuelled by a double digit gain in New Orders. The bounceback in the Barometer marks a solid start to Q4 and suggests that against a backdrop of concerns about weakening growth in Europe and China, the US economy is still growing firmly. New Orders was the strongest component of the Barometer and increased sharply to 73.6, the highest level since October 2013. Production also strengthened further following a sharp decline in the previous month, and has been running at a firm pace for some time now. The October survey also showed that ... (full story)