TITLE

Philadelphia Fed March Index Lower

AUTHOR(S)
Siegel, Gary E.
PUB. DATE
March 2005
SOURCE
Bond Buyer;3/18/2005, Vol. 351 Issue 32093, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the manufacturing activity in the Federal Reserve Bank of Philadelphia's region continued to expand, although at a slower pace than previous month, as the general business conditions index slumped to 11.4 in March from 23.9 in February, this month's Report on Business indicates. Economists surveyed by IFR Bond- Data Americas predicted a reading of 20.8 for the index. The prices paid index was 29.7 in March, compared to 43.5 in February. New orders index crept up to 13.2 from 11.7, shipments slid to 14.7 from 23.8, the unfilled ordered index was better at negative 2.1, up from negative 2.8, the delivery times index fell to 3.5 from 7.1, inventories increased to negative 5.3 from negative 7.4, prices revised was down to 15.3 from 24.6, number of employees slid to 10.1 from 12.3, and average employee workweek dropped to 2.6 from 11.3.
ACCESSION #
16488048

 

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