Economy
May 15, 2014
Philadelphia Fed Survey: Manufacturers in Need of Skilled Employees
Written by Sandy Williams
Indicators in the Federal Reserve Bank of Philadelphia May 2014 Business Outlook Survey were positive for the third consecutive month indicting manufacturing activity continues to expand in the Third District. The general activity index dropped slightly from 16.6 in April to 15.4 in May.
New orders and current shipments decreased by 4 and 9 points, respectively. The prices received index in May moved higher, jumping from 4.3 in April to 17.0. The prices paid index increased 12 points to 23.0 following three consecutive months of decline.
