Posted January 21, 2010
Philadelphia area manufacturing improves
The Philadelphia region's manufacturing sector continues to show improvement, according to firms polled for the most recent Business Outlook Survey by the Federal Reserve Bank of Philadelphia.
Indexes for general activity, new orders, and shipments all remained positive this month, although each fell back somewhat from their revised readings in December. For the second consecutive month, the percentage of firms reporting increases in employment was higher than the percentage reporting declines. Overall, expectations improved in January, and firms remain generally optimistic about growth over the next six months.
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