Posted April 21, 2011
Philly Fed manufacturing index slows
Regional manufacturing activity continued to grow in April but at a slower pace than in March according to the Federal Reserve Bank of Philadelphia.
Nearly all of the survey's broadest indicators remained positive but fell from their readings in the previous month. Increases in input prices continue to be widespread, and a significant percentage of firms reported increases in prices for their own manufactured goods. The survey's indicators of future activity fell notably this month; however, most firms expect continued growth over the next six months.
Click here to access the Industrial Supply magazine Resource Library on current Federal Reserve District Manufacturing Surveys.
