Economy
January 21, 2017
Philadelphia Fed Reports Strong Manufacturing Growth in January
Written by Sandy Williams
Manufacturing activity continued to improve in the Philadelphia area during January and is expected to continue to do so for the next six months, according to the latest Manufacturing Business Outlook Survey by the Federal Reserve Bank of Philadelphia.
The index for current manufacturing index rose from 19.7 in December to 23.6 in January for its sixth positive reading. Forty percent of those firms surveyed reported increased activity this month and the activity index reading was the highest since November 2014.
