Philadelphia Federal Reserve Bank’s manufacturing index hits the highest level since December 1993

Market news

20 November 2014

Philadelphia Federal Reserve Bank’s manufacturing index hits the highest level since December 1993

The Philadelphia Federal Reserve Bank released its manufacturing index on Thursday. The index surged to 40.8 in November from 20.7 in October. That was the highest level since December 1993.

Analysts had expected the index to decline to 18.9.

A reading above zero indicates expansion.

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