Philly Fed Index Rises To 17.6 In February

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Manufacturing conditions have continued to improve in the mid-Atlantic region in the month of February, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday, with the bank's index of manufacturing activity remaining positive for the sixth consecutive month.

The Philly Fed said its index of regional manufacturing activity rose to 17.6 in February from 15.2 in January, with a positive reading indicating growth in the sector. Economists had been expecting the index to increase to a reading of 17.0.

Manufacturing conditions have continued to improve in the mid-Atlantic region in the month of February, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday, with the bank's index of manufacturing activity remaining positive for the sixth consecutive month. (Market News Provided by RTTNews)