Philadelphia Fed: All Economic Indicators Positive
July 20, 2020
Manufacturers in eastern Pennsylvania, southern New Jersey and Delaware are reporting increases in general activity, new orders and shipments for the second consecutive month. As reported in the Federal Reserve Bank of Philadelphia July Manufacturing Business Outlook survey results, the region continues to expand. The employment index reached positive territory for the first time since March. The results suggest that firms expect overall growth over the next six months.
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