Philly Fed Index Jumps To 14.1 In September

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Manufacturing activity in the mid-Atlantic region has continued to expand in the month of September, according to a report released by the Philadelphia Federal Reserve on Thursday, with the index of activity in the manufacturing sector rising by more than expected.

The Philly Fed said its index of manufacturing activity rose to 14.1 in September from 4.2 in August, with a positive reading indicating growth in the sector. Economists had been expecting a more modest increase by the index to a reading of 8.0.

Manufacturing activity in the mid-Atlantic region has continued to expand in the month of September, according to a report released by the Philadelphia Federal Reserve on Thursday, with the index of activity in the manufacturing sector rising by more than expected. (Market News Provided by RTTNews)