Philadelphia Fed's Factory Gauge Jumps in March

Economic IndicatorsFOXBusiness

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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