facebook
twitter
search
search

Mid-Atlantic manufacturing slows further

Feb. 21, 2013 at 3:34 PM

PHILADELPHIA, Feb. 21 (UPI) -- The Philadelphia Federal Reserve Bank said its key mid-Atlantic manufacturing index dropped in February after showing growth in late 2012.

The business survey, taken midway through the month, found the diffusion index of manufacturing activity fell from minus 5.8 in January to minus 12.5 in February.

The component index for new orders dropped from minus 4.3 to minus 7.8. Shipments, however, showed improvement with that index rising to 2.4.

The employment index also improved, with the index measuring the number of employees rising from minus 5.2 to 0.9, the first positive reading in eight months.

Related UPI Stories
Latest Headlines
Trending Stories
Ted Cruz campaign pulls ad featuring softcore porn actress
Report: Clinton Foundation subpoenaed by State Dept. watchdog over charity projects
Ruby Rose, Gigi Hadid react to Kanye West's lyric about Taylor Swift
Kristen Wiig impersonates Peyton Manning on 'The Tonight Show'
NYC police officer found guilty of manslaughter in Brooklyn stairway shooting