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Purveyor

(29,876 posts)
Tue Apr 30, 2013, 10:48 AM Apr 2013

Chicago Business Barometer Falls To Three-Year Low In April

4/30/2013 10:31 AM ET



Chicago-area business activity unexpectedly contracted in the month of April, according to a report released by the Institute for Supply Management - Chicago on Tuesday, with the reading on regional business activity falling to its lowest level in over three years.

The ISM Chicago said its business barometer fell to 49.0 in April from 52.4 in March, with a reading below 50 indicating a contraction in regional business activity.

The drop came as a surprise to economists, who had expected the business barometer to come in unchanged compared to the previous month.

With the unexpected decrease in April, the Chicago Business Barometer fell to its lowest level since September of 2009.

Chris Low, chief economist at FTN Financial, said, "The weakness in Chicago was a surprise in part because Chicago was stronger than other regional indices from January to March."

more...

http://www.rttnews.com/2105662/chicago-business-barometer-falls-to-three-year-low-in-april.aspx

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