Philadelphia-area manufacturing activity saw continued growth in the month of February, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday, although the pace of growth slowed from the previous month.
The Philly Fed said its diffusion index for current activity dipped to 23.1 in February from 26.5 in January, but a positive reading still indicates growth in regional manufacturing activity. Economists had expected the index to drop to 20.0.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com