Manufacturers See Continued Growth in Activity
U.S. Newswire, October, 2007
To: BUSINESS EDITORS
Contact: Katherine Q. Dibling of the Federal Reserve Bank of Philadelphia, 1-215-574-4119
PHILADELPHIA, Oct. 18 /PRNewswire/ -- Federal Reserve Bank of Philadelphia today issued the following:
Activity in the region's manufacturing sector continued to expand in October but at a somewhat slower pace than in September. Indicators for general activity and new orders remained positive but fell from their readings last month. Overall employment was reported higher. Significantly more firms reported a rise in prices for inputs, and price increases for finished goods were more widespread this month. Also this month, the region's manufacturing executives were, on balance, more optimistic about future activity than they were in September....
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