Chicago Purchasing Manager Index Rises More Than Forecast
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Business activity in the U.S. accelerated more than forecast in February to the fastest pace in almost a year, a sign manufacturers are leading the expansion.
The Institute for Supply Management-Chicago Inc. said today its business barometer climbed to a 10-month high of 64 from 60.2 in January. Readings above 50 signal growth. Economists forecast the gauge would rise to 61, according to the median of 59 estimates in a Bloomberg News survey.