ISM: September Chicago Business Barometer rises sharply to 65.2

"The MNI Chicago Business Barometer rose to 65.2 in September, up from 58.9 in August, hitting the highest level in three months and the second highest level in more than three years," said the Institue for Supply Management Chicago on Friday.

Key takeaways:

• Optimism among firms about business conditions was bolstered in September after August’s flat showing, with each of the Barometer’s sub-components strengthening.
• After three consecutive monthly falls, the Employment indicator returned to above-50 territory in September. 
• Inflationary pressures at the factory gate rose markedly in September to a level not seen since July 2011.