Philly Fed: Regional manufacturing activity continued to expand, but at a slower pace than last month
|Results from the April Manufacturing Business Outlook Survey suggest that regional manufacturing activity continued to expand, but at a slower pace than last month, said the Federal Reserve Bank of Philadelphia.
Key highlights:
- The diffusion indexes for general activity, new orders, and shipments remained positive but fell from their readings in March.
- The current employment index, however, improved slightly and continues to suggest expanding employment in the manufacturing sector
- The survey’s future indicators continued to reflect general optimism but retreated from their high readings in the first three months of the year.
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