Chicago Purchasing Managers Index falls

The media headlines have managed to put a generally positive spin on this news about slower growth.

The U.S. economy expanded at a slower pace in October, while revealing low inflation and an improvement in the employment sector, a survey of Chicago area purchasing managers showed Monday.
The Chicago Business Barometer fell to 58.4 in October, the lowest reading since May, the Institute for Supply Management-Chicago reported Monday.
The barometer, also known as the Chicago Purchasing Managers Index or PMI, had been at 60.4 in September.
The latest figure was below analysts' forecasts. The consensus estimate of economists surveyed by Dow Jones Newswires projected the business barometer would slip to 59.8 in October. . . .