REUTERS

(REUTERS)

Midwest Manufacuring Activity Hits March 2011 High

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The Institute for Supply Management-Chicago’s  gauge of manufacturing activity surged in October to 65.9 from 55.7 in September, while economists expected activity to fall to 55. 

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The reading was the highest since March 2011. Readings above 50 indicate expansion, while those below point to contraction in activity.

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