Manufacturing in Chicago Area Unexpectedly Grows at Faster Pace
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Business activity in the Chicago area accelerated unexpectedly in February, adding to signs manufacturing gains will be sustained in 2014.
The Institute for Supply Management-Chicago Inc. said today its business barometer increased to 59.8 this month from 59.6 in January. The median forecast of 53 economists in a Bloomberg survey called for the index to fall to 56.4. Readings greater than 50 signal growth.