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by ForexNewsNow Team on September 30, 2010

Indicator analysis: Chicago PMI shoots up unexpectedly

Indicator analysis - chicago pmi publishedNEW YORK (Forex News Now) – Manufacturing activity in the Chicago area improved unexpectedly in September, a survey of purchasing managers showed on Thursday in one of the day’s major realtime FX news events.

In a report scrutinized by FX traders, the Institute for Supply Management-Chicago, a trade group, said its Chicago Business Barometer shot up to 60.4 in September from 56.7 in August.

Analysts had expected a decline to 56 percent in September, according to two currency market trading news outlets.

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