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Philadelphia Fed's 2nd Qtr South Jersey Business Survey Shows Recovery

Philadelphia Fed survey finds South Jersey businesses optimistic about business conditions and employment growth over the next six months. Business conditions in the second quarter rebounded dramatically from the weather-suppressed conditions in the first quarter, the Fed said.

By Steve Lubetkin | Updated on July 28, 2014

PHILADELPHIA – Business activity, sales and employment all showed increases in the second quarter South Jersey business survey conducted by the Federal Reserve Bank of Philadelphia.

The survey, based on responses from members of the Chamber of Commerce of Southern New Jersey, showed a jump in the index of busines activity from 2.8 in the weather-depressed first quarter to 12.1 in the second quarter. More than a third of the firms responding said activity grew in the quarter; 21% said activity was weaker.

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