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Chicago PMI climbs to one-year high of 66.2

MARKETWATCH 9:49 AM ET 10/31/14


Chicago PMI rose to a one-year high in October, helped by gains in new orders, MNI Indicators said Friday. Chicago PMI rose to 66.2, a gain of 5.7 points, as the new-orders component leaped to 73.6. "The bounceback in the [Chicago Business] Barometer marks a solid start to Q4 and suggests that against a backdrop of concerns about weakening growth in Europe and China, the U.S. economy is still growing firmly," the report said.

-Steve Goldstein; 415-439-6400; [e-mail]

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10-31-140949ET
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