Manufacturing in Philadelphia Region Expands by Most Since 2011
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Manufacturing in the Philadelphia region expanded in September at the fastest pace since March 2011, a sign factories are picking up momentum.
The Federal Reserve Bank of Philadelphia’s general economic index jumped to 22.3 this month from 9.3 in August. Readings greater than zero signal growth in the area, which covers eastern Pennsylvania, southern New Jersey and Delaware. Measures of orders, sales and factory employment increased at faster rates in September, while a gauge of the six-month outlook was the strongest in a decade.