PHILADELPHIA, PA—The Federal Reserve Bank of Philadelphia says its Manufacturing Business Outlook Survey indicated continued modest growth in the region's manufacturing sector in February. Although the current activity index fell for the third consecutive month, it remained positive, and the employment indicator increased from its reading last month. The survey's future activity index also fell but continues to reflect general optimism about manufacturing growth in the region over the next six months.
Each month, the Philadelphia Fed surveys regional businesses about their expectations for economic activity in the coming month and their actual activity in the prior month.
Indicators Reflect Modest Growth
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