Philadelphia Fed Firms See Slight Improvement
U.S. Newswire, May, 2007
To: BUSINESS EDITORS
Contact: Katherine Q. Dibling of Federal Reserve Bank of Philadelphia, 1-215-574-4119
PHILADELPHIA, May 17 /PRNewswire/ -- Federal Reserve Bank of Philadelphia today issued the following:
Activity in the region's manufacturing sector improved slightly in May, according to firms polled for this month's Business Outlook Survey. Indicators for general activity, new orders, shipments, and employment all improved from their readings in April. Firms continued to report higher input costs, but prices received for their own products remained steady. The region's manufacturing executives were slightly more optimistic about future activity, with most future indicators increasing from their readings in April.
Indicators Move Higher
The...
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