Manufacturing Activity In Metropolitan Philadelphia Rebounding

Map of Pennsylvania highlighting Philadelphia ...

Image via Wikipedia

WASHINGTON (AP) — Manufacturing grew in the Philadelphia region in October after contracting for two straight months, a sign factories are recovering after a sluggish summer.

An index of regional manufacturing activity jumped to 8.7 from -17.5 in September, the Federal Reserve Bank of Philadelphia said Thursday. It marked the best reading in six months. A positive reading suggests growth…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s