Chicago PMI increases Sharply, Final October Consumer Sentiment at 90.0

Chicago PMI: Oct Chicago Business Barometer Up 7.5 Points To 56.2 The Chicago Business Barometer increased 7.5 points to 56.2 in October from 48.7 in Septembe r, led by strong gains in both Production and New Orders. The sharp increase in the Barometer pushed it to the highest since January and marks a promising start to the fourth quarter, building on the small gain made in Q3. ... Chief Economist of MNI Indicators Philip Uglow said, "The dissapointing September data look more like an aberration than the start of a trend, and the October results mark a good start to the final quarter of the......(read more)

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