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    April 16, 2015

    Philadelphia Fed Index Shows Subdued Manufacturing Growth

    Written by Sandy Williams

    The Philadelphia Federal Reserve Manufacturing Business Outlook was stronger than expected in April. The index for current activity increased from 5.0 in March to 7.5, beating economist expectations of a reading of 6. The index has been in single digits so far this year indicating only modest growth.

    The new orders index registered 0.7, a drop of 3 points from March indicating flat demand during the month. Shipments improved six points but were still in below the neutral reading for the second consecutive month.

    Sandy Williams

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