Philly Fed Mfg "Current Indicators Suggest Continued Growth" in May

From the Philly Fed: May 2019 Manufacturing Business Outlook Survey Results from the May Manufacturing Business Outlook Survey suggest continued growth for the region's manufacturing sector . The survey's indexes for general activity, shipments, and employment increased from their April readings. The new orders index remained positive but decreased modestly. The survey's future activity index, after falling in recent months, was little changed, while the firms' forecast for future employment improved. The diffusion index for current general activity increased from 8.5 in April to 16.6 this......(read more)

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