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January 2022 Manufacturing Business Outlook Survey
Manufacturing activity in the region continued to grow, according to the firms responding to the January Manufacturing Business Outlook Survey. The survey’s indicators for general activity, shipments, and new orders posted modest increases after falling sharply last month. The employment index remained positive but decreased. The price indexes remained elevated. Responding firms remained generally optimistic about growth over the next six months. The diffusion index for current general activity climbed 8 points to 23.2 in January after falling 24 points in December (see Chart 1). Almost 31 percent of the firms ... (full story)