Chicago Manufacturing Rises Unexpectedly
Chicago, IL, Feb. 28, 2014 -- The Chicago Business Barometer remained broadly unchanged at 59.8 in February compared with 59.6 in January, but was well ahead of expectations.
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A double-digit gain in employment offset declines in new orders and production.
The Chicago report, a gauge of manufacturing, points to firm growth and a continued recovery in the U.S. economy, remaining around 60 for the fifth consecutive month.
Economists were expecting a reading of 56.