Manufacturing in Philadelphia Area Rises Slightly in April

April 16, 2015 2:24 PM

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Factories in the Philadelphia region got a bit busier in April compared to March. But the Federal Reserve Bank of Philadelphia says production and shipments are still at low levels.

The Philadelphia Fed's index of regional factory activity ticked up to 7.5 this month from 5 in March. It was the first increase since November. Although a figure above 0 signals growth, the single-digit reading is unimpressive. The index hit 40.2 in November, then dropped four straight months befor...

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