Chicago PMI Rises to 63 in April

The pace of business activity in the U.S. Midwest rose more than expected in April, jumping to its highest since October 2013, a report showed on Wednesday.

The Institute for Supply Management-Chicago business barometer was 63.0, up from 55.9 in March, which had been the lowest level for the index since August. Economists were looking for a reading of 56.7 in the month.

(Reporting by Ryan Vlastelica; Editing by Meredith Mazzilli)