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For immediate release
Contact: Katherine Dibling, Public Affairs Specialist, (215) 574-4119
Results from the Business Outlook Survey suggest that regional manufacturing activity continued to expand at a moderate pace in January. The general activity index, the survey's broadest measure of manufacturing conditions, increased to 7.3 this month from a revised reading of 6.8 in December. Read the press release announcing the data revisions.
All of the broad indicators remained positive this month, and firms continued to report increases in employment. The survey's broad indicators of future activity improved again this month.
This survey, which was started in 1968, gathers information on the manufacturing industry in the Third Federal Reserve District covering eastern Pennsylvania, southern New Jersey, and Delaware. The survey asks about the current pace of business in the participants' plants and their future expectations of business.
To arrange an interview, contact Katherine Dibling, the Bank's public affairs specialist, at (215) 574-4119. The next Business Outlook Survey will be released at 10 a.m., Thursday, February 16, 2012, and will be made available on our website and over Businesswire. The aggregate historical data series is also available on the Bank’s website.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.