Chicago-Area Manufacturing Accelerates in May

Chicago, IL, May 30, 2014 -- The Chicago PMI accelerated in May, according to the Chicago business barometer.

The index, a measure of manufacturing activity, rose to 65.5 in May from 63.0 in April.

It is at the highest level since October.

Order-backlogs were at a three-year high. Any reading over 50 indicates expansion.