News from the Wire

Manufacturing indicators suggest expansion in January

Thursday, January 21, 2021 — 12:18:10 (EST)

Philadelphia, Jan. 21, 2021 -- Manufacturing activity in the region continued to grow, according to firms responding to the January Manufacturing Business Outlook Survey. The diffusion index for current activity increased from a revised reading of 9.1 in December to 26.5 this month. The survey’s future indexes remained at high readings and continue to indicate that firms expect growth over the next six months.

www.philadelphiafed.org/surveys-and-data/regional-economic-analysis/mbos-2021-01

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Source: Company press release.