Chicago PMI spikes more than expected

Business activity in Chicago accelerated by more than expected in November after a slowdown in October, according to the Institute of Supply Management and MNI Indicators.
The latest reading for Chicago purchasing manager's index (PMI) came in at 57.6.
Economists had forecast that the reading rose to 52.0, compared to the prior month's reading of 50.06, which was a five-month low.
A reading above 50 indicates that activity is still in expansionary territory.
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