USA: Philly Fed index rises again

(CercleFinance.com) - Manufacturing activity in the Philadelphia region rose, according to the local Fed survey, with the Philly Fed diffusion index of general current activity rising from 1.
7 in September to 10.3 in October, its second consecutive increase.

Survey indicators for new orders and shipments also rose, returning to positive territory this month, while the employment index fell, suggesting stable employment conditions.

Both price indices fell slightly, but continue to point to overall price rises. Growth expectations over the next six months were more widespread this month, with most future indicators rising.

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