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- Results from the February Philadelphia Manufacturing Business Outlook Survey suggest that growth in regional manufacturing is broadening
Results from the February Philadelphia Manufacturing Business Outlook Survey suggest that growth in regional manufacturing is broadening
The diffusion indexes for general activity, new orders, and shipments were all positive this month and increased notably from their readings last month. The surveyed firms continued to report growth in employment and work hours. Although they moderated from last month, the future indexes for growth over the next six months continued to reflect a high degree of optimism.
The index for current manufacturing activity in the region increased from a reading of 23.6 in January to 43.3 this month and has remained positive for seven consecutive months
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