News from the Wire

Fed: September manufacturing indicators mixed

Thursday, September 19, 2024 — 12:10:54 (EDT)

Philadelphia, Sept. 19, 2024—Manufacturing activity in the region was mixed overall, according to the firms responding to the September Manufacturing Business Outlook Survey. The diffusion index for current general activity rose from -7.0 to 1.7 in September. The indexes for new orders and shipments declined and turned negative. The employment index rose and suggested increases in employment overall. Both price indexes moved higher and continue to indicate overall increases in prices. The firms continue to expect growth over the next six months, with expectations more widespread this month.

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Source: Company press release.