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U.S. Midwest business barometer jumps in October

[November 01, 2014]  NEW YORK (Reuters) - The pace of business activity growth in the U.S. Midwest accelerated more than expected in October, a report showed on Friday.

The Institute for Supply Management-Chicago business barometer rose to 66.2 this month from 60.5 in September, blowing past analyst expectations for a read of 60.0.

A reading above 50 indicates expansion in the regional economy.

(Reporting by Ryan Vlastelica; Editing by Meredith Mazzilli)

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