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Federal Reserve Bank of Philadelphia: Firms Showing Signs of Stabilizing.

Publication: Wireless News
Publication Date: 24-AUG-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
The region's manufacturing sector is showing some signs of stabilizing, according to firms polled for this month's Business Outlook Survey.

Indexes for general activity, new orders, and shipments all registered slightly positive readings this month, reports the Federal Reserve Bank of Philadelphia.

Although firms reported continued declines in employment and work hours this month, losses were not as widespread. Most of the survey's broad indicators of future activity continued to suggest that the region's manufacturing executives expect business activity to increase over the next six months.

The survey's broadest measure of manufacturing conditions, the diffusion index of current activity, increased from -7.5 in July to...

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