Pursuits
U.S. Business Activity Grows for First Time in Three Months
This article is for subscribers only.
Business activity in the U.S. expanded in November for the first time in three months, showing superstorm Sandy is less damaging to the economy nationally.
The MNI Chicago Report’s business barometer rose to 50.4 from 49.9 in October. A reading of 50 is the dividing line between expansion and contraction. The report’s index of new orders, considered a leading indicator, dropped to the lowest point in more than three years, indicating the gains may not be sustained.