India, Oct. 30 -- Growth in Chicago-area business activity slowed moderately in the month of October, according to a report released by MNI Indicators on Friday.
The report said the Chicago business barometer fell to 55.3 in October after spiking to 58.8 in September, although a reading above 50 still indicates growth. Economists had expected the business barometer to pull back to 56.0.
The decrease by the Chicago business barometer partly reflected a steep drop by the supplier deliveries index, which tumbled by 10.3 points but remained in expansionary territory.
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