Thursday, February 11, 2016

Moderate expansion of manufacturing in Phila. area

The monthly survey by the Federal Reserve Bank of Philadelphia shows manufacturers reporting that the positives outweighed the negatives in January.

Moderate expansion of manufacturing in Phila. area

0 comments

Manufacturing activity in the Philadelphia region expanded in January and more companies reported improving conditions in the labor market.

The widely watched Business Outlook Survey of the Federal Reserve Bank of Philadelphia said the percentage of firms noting an increase in employment was higher than that for firms reporting a decrease -- 21 percent vs. 10 percent.

Still, "moderate" is the word the Philly Fed used for the pace of the expansion of the region's manufacturing sector.

Looking out six months, the future general activity index for January is at its highest level in 10 months and has risen for five consecutive months.

Inquirer Columnist
0 comments
We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue.
Help us moderate this thread by flagging comments that violate our guidelines.

Comment policy:

Philly.com comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

Please note that comments are monitored by Philly.com staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

Read 0 comments
 
comments powered by Disqus
About this blog
Mike Armstrong blogs about Philadelphia corporations and business-related topics. Contact him at 215-854-2980. Reach Mike at marmstrong@phillynews.com.

Mike Armstrong Inquirer Columnist
Also on Philly.com:
letter icon Newsletter