The Institute for Supply Management placed its latest Chicago Business Barometer at 60.5 points for the month of September. The Barometer measures the Midwest's manufacturing activity based on a survey of the region's companies and sets a score out of 100. Any result over 50 indicates growth in the sector. The Barometer is down from 64.3 in August, indicating slower growth but, as this blog reported at the time, that score surprised experts because it represented an increase of more than 11 points over July.

September's numbers were buoyed by inventory growth, which is at its fastest clip in more than 41 years. Many respondents reported that they are stocking up for an expected spike in sales, which could again boost the Barometer for October. Overall, the average score for 2014's third quarter was 59.1, down from Q2's 63.7 but above Q1 and well above the 10-year average of 55.8.

"Activity levels remained buoyant in September and point to continued firm economic growth," said Philip Uglow, chief economist of Market News International Indicators, which contributed to the report. "Moreover, the record pace of stock building suggests firms are increasingly confident that things will keep improving."

Supplier deliveries are at their highest growth rate since April 2011 and prices paid reached their highest level since November 2012. Employment, production and new orders all grew significantly as well.

Manufacturing ERP software can help Midwestern companies contribute to the industry's continued good health. This software automates and streamlines a manufacturer's business processes, from planning and inventory to sales and distribution, leading to simplified operations and improved results.