06222018Fri
Last updateFri, 22 Jun 2018 2pm

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Manufacturing & The Economy

Philly Fed Manufacturing Index at 5-Month High

The index for current manufacturing activity in the Philadelphia Federal Reserve region increased 4 points to a reading of 27.9 and is now at its highest reading since May. More than 39% of the firms indicated increases in activity this month, while 11% reported decreases. Both the new orders and shipments indexes remained positive but fell this month, decreasing 10 points and 13 points, respectively. Both the unfilled orders and delivery times indexes were positive for the 12th consecutive month, suggesting longer delivery times and an increase in unfilled orders. 

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