Philly Fed Manufacturing Expands Further To +7.0

The general business activity metric of the Philly Fed’s manufacturing business outlook survey was a reading of 7.0 in December. This is an increased from November’s reading of +6.5 and indicates economic expansion in the manufacturing sector at a faster pace.

December’s reading was comprised of 29.2% of businesses surveyed reporting that business conditions had improved during the month, while 22.2% said that conditions had worsened.

Philly Fed Manufacturing 600x376 Philly Fed Manufacturing Expands Further To +7.0

Currently, all eight of the leading U.S. business surveys indicate economic expansion in the manufacturing sector.

Business Surveys1 600x508 Philly Fed Manufacturing Expands Further To +7.0

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