Business Activity Reports Are Mixed

by John Nyaradi, Benzinga Contributor
October 31, 2011 1:12 PM | 2 min read | Make a Comment

Business activity reports from Chicago and Texas are mixed this morning

The October Dallas Federal Reserve Texas Manufacturing Index recorded a substantial gain to +2.3 from last month's -14.4, indicating improving business and manufacturing activity DIA in the region.  This was the first positive reading in six months with employment also reaching a six month high while new orders declined.

Farther north, the Chicago PMI declined to 58.4 from last month's 60.4, indicating slower business activity for companies SPY in the region but still remained above the critical 50 level which indicates the borderline between expansion and contraction.

Tomorrow brings the widely watched national ISM report.

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More on this topic (What's this?)
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