Business Activity in U.S. Grew More Than Forecast in January
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Business activity in the U.S. expanded more than forecast in January, a sign manufacturing picked up at the start of the year.
The MNI Chicago Report’s business barometer rose to 55.6 this month, the highest since April, after 50 in December. A reading of 50 is the dividing line between expansion and contraction. The median forecast of 48 economists surveyed by Bloomberg was 50.5.