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30.12.201009:53:00UTC+00Chicago Business Barometer Shows Substantial Increase In December

After reporting signs of an accelerating recovery in Chicago-area business activity in the fall, the Institute for Supply Management - Chicago released a report on Thursday showing that its reading on regional business activity soared to a 22-year high in December.

The ISM Chicago said its business barometer jumped to 68.6 in December from 62.5 in November, with a reading above 50 indicating growth. The substantial increase came as a surprise to economists, who had expected the index to edge down to a reading of 62.0.

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