Philly Fed manufacturing index surges

Note: This section contains information in English only.
Source: Business Insider
© Scanpix/FP
Business outlook from the Federal Reserve Bank of Philadelphia showed a significant jump in U.S. manufacturing activity, while the corresponding index surged to its highest value since March 2011, reaching 22.3 points versus 9.3 points a month earlier. Economists predicted the index to increase slightly to 10.3 points. 36% of American firms reported a rise in activity, while only 14% posted a decrease of it.
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