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Chicago Business Activity Expands
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Overview
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Chicago's business activity unexpectedly expands, marking its first expansion in over a year, with the Chicago Business Barometer surging to 55.8 from 44.0 in October. Most components improved in November, with production activity shooting up nearly 16 points to 62.4, while new orders, inventories, and supplier deliveries also increased to levels above 50. Order backlogs ticked up but remained in contraction. Prices paid were largely stable at 59.9, still below average levels for the last three years.
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How might the unexpected expansion of Chicago's business activity impact other industries or regions?
What factors could have contributed to the contraction in order backlogs despite the overall expansion?
What implications does the stable pricing environment have for businesses in the Chicago area?
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