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17 Feb
19:38

Philly Fed suggests slower growth in manufacturing

The February manufacturing business outlook survey from the Federal Reserve Bank of Philadelphia indicates positive growth in regional manufacturing, albeit at a slower pace than in January. The bank’s manufacturing activity index decreased seven points from January to 16.0 in February, with 26% of firms reporting increases in activity and 63% of firms reporting no change. The index for new orders fell by four points to 14.2 and the current shipments index …
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