Earlier: Philly Fed Manufacturing Survey "Suggest a pickup in growth" in May

From the Philly Fed: May 2018 Manufacturing Business Outlook Survey Results from the May Manufacturing Business Outlook Survey suggest a pickup in growth of the region's manufacturing sector. The survey's indexes for general activity, new orders, shipments, and employment increased from their readings in April. A notable share of firms also reported higher prices for their own manufactured goods this month . The survey's future indexes, measuring expectations for the next six months, reflected continued optimism. The diffusion index for current general activity increased 11 points, from 23.2......(read more)

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