Manufacturing in Philadelphia Area Grows More Than Forecast
This article is for subscribers only.
Manufacturing in the Philadelphia region expanded in October for the first time in six months, a sign the industry may be starting to stabilize.
The Federal Reserve Bank of Philadelphia’s general economic index rose to 5.7 from minus 1.9 in September, a report today showed. A reading of zero is the dividing line between expansion and contraction. The median forecast of 61 economists surveyed by Bloomberg was for an increase to 1.