Chicago-area business activity unexpectedly saw faster growth in the month of April, according to a report released by MNI Indicators on Friday. MNI Indicators said its Chicago business barometer jumped to 72.1 in April from 66.3 in March, with a reading above 50 indicating growth. With the unexpected increase, the Chicago business barometer reached its highest level since December of 1983. The advance by the headline index came as the new orders index climbed by 9.9 points to a nearly seven-year high, while the production index up by 0.9 points to its highest level since January of 2018.
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