CHICAGO (Dow Jones/AP) -- A survey by the National Association of Purchasing Management-Chicago shows that manufacturing activity in the Chicago area slumped in October, while inflation pressures increased sharply.
The association says the monthly business barometer of activity in northern Illinois and northwest Indiana fell to 49.7 this month. That marks the third time this year that the index slipped below 50.
Readings below 50 indicate a contraction in activity while numbers above that level show expansion.
The October reading was down from 54.2 in September.