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18 Apr
15:43

Philly Fed sees continued, subdued manufacturing growth

The Federal Reserve Bank of Philadelphia sees regional manufacturing growth in April, Kallanish learns from the bank’s latest economic survey. The survey generated a manufacturing index of 8.5 for April, down from March’s reading of 13.7 but still in positive territory. New orders increased 14 percentage points to 15.7, offset somewhat by a 15 point inventory index decline to 2.6. The bank’s pricing index likewise fell by five points to 20, …
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