Chicago business barometer climbs to nine-month high in January

Market news

31 January 2013

Chicago business barometer climbs to nine-month high in January

Business activity in the Chicago area saw a notable improvement in the month of January, according to a report released by the Institute for Supply Management - Chicago on Thursday, with the Chicago business barometer reaching a nine-month high.

The ISM Chicago said its Chicago business barometer climbed to 55.6 in January from a revised 50.0 in December, with a reading above 50 indicating growth. Economists had expected the index to dip to 50.5 from the 51.6 originally reported for the previous month.

The price of gold has declined substantially

U.S.: Chicago Purchasing Managers' Index , January 55.6 (forecast 51.1)

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