News from the Wire

Fed says indicators suggest continued growth in September

Thursday, September 16, 2021 — 12:44:53 (EDT)

Philadelphia, Sept. 16, 2021—Manufacturing activity in the region continued to expand, according to the firms responding to the September Manufacturing Business Outlook Survey. The diffusion index for current general activity rose 11 points to 30.7 this month. The survey’s indicators for general activity and shipments improved, but the new orders and employment indexes softened somewhat. The survey’s future general activity and new orders indexes continued to moderate; however, the surveyed firms remained generally optimistic about growth over the next six months. www.philadelphiafed.org/surveys-and-data/regional-economic-analysis/mbos-2021-09

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Source: Company press release.