Philadelphia Fed Reports Continued Manufacturing Expansion in March

Thursday, 21 March 2024, 12:33

The Philadelphia Fed reported that the regional business activity gauge remained in expansion territory for the second consecutive month with a slight decrease from 5.2 to 3.2 in March. This signals ongoing strength in the manufacturing sector despite a minor decline.

https://store.livarava.com/b643f95a-e77f-11ee-968f-5254a2021b2b.jpe — Philadelphia Fed Reports Continued Manufacturing Expansion in March

Philadelphia Fed Reports Continued Manufacturing Expansion

The Philadelphia Fed announced that the regional business activity gauge remained in expansion territory for the second consecutive month, showing a slight decrease from 5.2 to 3.2 in March.

Manufacturing Sector Strength Despite Minor Decline

This indicates the manufacturing sector is maintaining its positive momentum, remaining a key contributor to economic growth.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.