Manufacturing in Philadelphia Regions Expands for Third Month
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Manufacturing in the Philadelphia region expanded in August for the third straight month, the latest sign of an improving outlook for the industry after a slowdown earlier this year.
The Federal Reserve Bank of Philadelphia’s general economic index fell to 9.3 this month from a reading of 19.8 in July that was the highest since March 2011. Readings greater than zero signal growth in the area, which covers eastern Pennsylvania, southern New Jersey and Delaware.