American midwest trade slows

The pace of business activity in the American midwest region slowed modestly in October as new orders eased, though the employment gauge rose to its highest level in six months, a report showed yesterday. The Institute for Supply Management-Chicago business barometer slipped to 58.4 from 60.4 the month before. but the employment component of the index climbed to its highest level since April, rising to 62.3 from 60.6. Statistics over 50 point to growth.