Bokul
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Philly Fed Manufacturing Business Outlook Survey
Firms responding to the Manufacturing Business Outlook Survey indicated continued growth in the region’s manufacturing sector in September. Although the current activity index fell from its relatively high reading in August, the other broad indicators increased from their readings last month. The survey’s indicators for future manufacturing conditions reflect general optimism about growth in activity and employment over the next six months. Indicators Reflect Continuing Growth The diffusion index for current activity fell from a reading of 28.0, its highest reading since March 2011, to 22.5 this month (see ... (full story)