Posted May 20, 2010
Philadelphia area manufacturing expands
Manufacturing activity in the Philadelphia area continues to expand.
According to the firms polled for this month's Business Outlook Survey by the Philadelphia Federal Reserve Bank, the region's manufacturing executives expect growth in business over the next six months.
The survey's broadest measure of manufacturing conditions, the diffusion index of current activity, increased slightly from 20.2 in April to 21.4 this month. The index has now edged higher for four consecutive months and has remained positive for the ninth consecutive month.
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