Philadelphia Fed's Factory Gauge Jumps in March

Economic Indicators FOXBusiness

A worker assembles a Boeing's 737 MAX airplane wing at the company's production facility Monday, Feb. 13, 2017, in Renton, Wash. Boeing plans to deliver its first 737 MAX airplane by May. Boeing's latest innovations inside its Renton factory includes ... new robotic machines as well as more efficient ways of deploying its mechanics. The company is also increasing its 737 production rate to 47 per month, from 42. (AP Photo/Elaine Thompson)

The Philadelphia Federal Reserve's gauge of regional manufacturing activity rose more than expected in March to a reading of 17.5 from 11.1 in February. 

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The new orders component was up to 38.6 from 38 last month, while prices paid jumped to 40.7 from 29.9 and employment rose to 17.5 from 11.1. 

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