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Chicago-area factory index beats forecast at 65.9%
CHICAGO (CBS.MW) -- Manufacturing activity in the Chicago region expanded for a ninth straight month in January.
The Chicago Purchasing Managers Index was 65.9 percent vs. 59.2 percent in December.
Readings above "50" denote expansion.
Economists polled by CBS MarketWatch looked for a reading of 61.4 percent.
CHICAGO (CBS.MW) -- Manufacturing activity in the Chicago region expanded for a ninth straight month in January.
The Chicago Purchasing Managers Index was 65.9 percent vs. 59.2 percent in December.
Readings above "50" denote expansion.
Economists polled by CBS MarketWatch looked for a reading of 61.4 percent.