Economy
December 15, 2016
Philadelphia Manufacturers Expecting Positive 1st Half in 2017
Written by Sandy Williams
Manufacturers in the Philadelphia area were optimistic in December about general business activity, shipments, and employment. The index reading for current manufacturing activity increased from an index reading of 7.6 in November to 21.5 this month, according to the latest Manufacturing Business Outlook survey by the Philadelphia Federal Reserve.
The reading for December was the highest since November 2014. Shipments and new orders indexes were positive, increasing 3 points and falling 5 points, respectively. Longer delivery times were seen in December along with an increase in unfilled orders.
