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Philly Fed factory activity index rises in March

NEW YORK | Thu Mar 18, 2010 10:14am EDT

NEW YORK (Reuters) - Factory activity growth in the U.S. Mid-Atlantic region accelerated in March, a survey showed on Thursday.

The Philadelphia Federal Reserve Bank said its business activity index rose to 18.9 in March from 17.6 in February.

Economists had expected a reading of 18.0, based on the results of a Reuters poll, which ranged from 14.0 to 23.0.

Any reading above zero indicates expansion in the region's manufacturing.

The survey, which covers factories in eastern Pennsylvania, southern New Jersey and Delaware, is seen as one of the first monthly indicators of the health of U.S. manufacturing.

(Reporting by Burton Frierson; Editing by James Dalgleish)
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Comments (1)
Kina wrote:
Well some data I can believe since it doesn’t come from government.

Expect whoever it is manipulating the stock market this past two months to use this as an excuse to push it up another 100 points.

The problem with govt data and stock market manipulators is they destroy confidence in both.

Who is going to buy into the stock market now when it so obviously being fraudulently manipulated

Mar 18, 2010 10:29am EDT  --  Report as abuse
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