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Business Activity in U.S. Unexpectedly Climbed in September

Business activity in the U.S. unexpectedly accelerated in September, a sign executives are betting the economy will weather recent slumps in stocks and confidence.

The Institute for Supply Management-Chicago Inc. said today its business barometer rose to 60.4 this month from 56.5 in August. A level of 50 is the dividing line between expansion and contraction. Economists forecast the gauge would drop to 55, according to the median estimate in a Bloomberg News survey.