Philly area manufacturing expands
Philadelphia area regional manufacturing activity continues to expand in June, but at a slower pace than in May.
The Philadelphia Federal Reserve Bank said that its broadest measure of manufacturing conditions, diffusion index of current activity, decreased notably from a reading of 21.4 in May to 8.0 in June. The index, which had edged higher for four consecutive months, fell back to its lowest reading in 10 months. However, the survey's broad indicators of future activity continued to suggest that the region's manufacturing executives still expect growth in business over the next six months.
Click here to access the Industrial Supply magazine Resource Library on current Federal Reserve District Manufacturing Surveys.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
