News from the Wire

Manufacturing indicators improve in October, Fed reports

Thursday, October 17, 2024 — 13:02:31 (EDT)

Philadelphia, Oct. 17, 2024—Manufacturing activity in the region expanded overall, according to the firms responding to the October Manufacturing Business Outlook Survey. The diffusion index for current general activity rose from 1.7 to 10.3 in October, its second consecutive increase. The survey’s indicators for new orders and shipments rose and returned to positive territory this month. The employment index declined and suggested mostly steady employment conditions. Both price indexes edged down but continue to indicate overall increases in prices. Expectations for growth over the next six months were more widespread this month as most future indicators rose.

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Source: Company press release.